Mobilicity might have lost AWS-3 funding: report
telecom | 03/05/2015 2:42 pm EST
Mobilicity might have been unable to raise the funds to bid in Tuesday’s AWS-3 spectrum auction because a $200-million financing deal fell through just minutes before the deadline, according to a report by the Financial Post.
The company, which has been in creditor protection since September 2013, received court approval in January to raise the $62 million Industry Canada required as a deposit in the auction.
Mobilicity spokesman Joel Shaffer said in an email that the company had no comment on the report.
According to the Post article, Mobilicity received court approval for as much as
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