- 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.
Canadian government again blocks Telus-Mobilicity deal
Oct 30 2013, 13:58 ET