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Canadian government again blocks Telus-Mobilicity deal

  • For the second time this year, struggling Canadian carrier Mobilicity has proposed to sell its spectrum licenses to Telus (TU +0.1%). And for the second time, the Canadian government has rejected the proposal.
  • "That transaction has not been approved," said Industry Minister James Moore when asked about the deal. Mobilicity isn't giving up just yet: a spokesman says the company remains in talks with government officials about the matter.
  • The latest rejection comes shortly after Telus struck a deal to acquire another smaller/hard-luck Canadian carrier, Public Mobile. That deal has Moore's blessing; antitrust regulators still have to sign off.
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