Telus (TU) is acquiring Public Mobile, a struggling regional carrier claiming 280K subs in parts of Ontario and Quebec. Terms are undisclosed. (PR)
Canada's Industry Minister has given his blessing to the deal, which gives Telus control of Public's valuable spectrum licenses. The country's Competition Bureau still has to sign off.
Though Ottawa has been nervous about letting incumbent mobile carriers buy out smaller rivals, their financial struggles, along with Verizon's decision to stay out of the market, could be leading regulators to think twice. The
The Canadian government blocked Telus' attempt to buy another smaller carrier, Mobilicity, earlier this year.