Saturday, 10 December 2016

Mobilicity to keep operating after collapse of Telus deal

By Mary Lennighan, Total Telecom
Friday 27 June 14

Canadian mobile operator gets another three months of creditor protection; court-appointed monitor confirms takeover deal is off.

Canada's Mobilicity this week announced that it has been granted an extended period of creditor protection by an Ontario court, giving the troubled telco more time to work out a survival plan after the collapse of its proposed acquisition by larger rival Telus. The mobile provider will operate under court protection until 26 September, an extension of almost three months on its previous 30 June deadline. Telus' planned C$350 million takeover is officially off the table…

Canada's Mobilicity this week announced that it has been granted an extended period of creditor protection by an Ontario court, giving the troubled telco more time to work out a survival plan after the collapse of its proposed acquisition by larger rival Telus. The mobile provider will operate under court protection until 26 September, an extension of almost three months on its previous 30 June deadline. Telus' planned C$350 million takeover is officially off the table…

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