Speculation that the federal government is poised to approve the acquisition of Mobilicity and its spectrum by Telus Corp. or Rogers Communications Inc. has some observers disagreeing whether this would represent a major departure for the federal government in its spectrum-transfer policy. Recent reports in the Globe and Mail indicated that both companies have submitted proposals to purchase Mobilicity. An article published Friday quoted letters from Industry Canada that were addressed to Telus and Rogers, indicating that both proposals are so far seen in a positive light by the government....
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...