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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs