Industry Canada’s approval of Rogers Communications Inc.’s bid to buy Mobilicity, as well a deal for Rogers to acquire spectrum from Shaw Communications Inc., signals an improvement in the regulatory environment for large wireless providers, analysts said Wednesday. Industry Minister James Moore confirmed Wednesday afternoon the government has approved Rogers’ purchase of Mobilicity, which has been in bankruptcy protection since September 2013, as well as Rogers’...
Recent documents submitted in Mobilicity’s court-monitored bankruptcy process indicate private-equity company Catalyst Capital Group Inc. is anxious to see a new arrangement for the wireless carrier soon. A filing from Catalyst, a secured creditor in Mobilicity, cites Jan. 30 as a key date for having a restructuring plan finalized. That is the date to which Mobilicity's bankruptcy protection was recently extended, and is also the deadline for applications to bid in Industry Canada's AWS-3 spectrum auction, which is slated to be held in March. An affidavit from Catalyst chief...
New-entrant wireless carrier Mobilicity is in a holding pattern after the collapse of a buyout deal with Telus Corp. that could harm its chances of being rescued from bankruptcy protection,...
Mobilicity, the startup wireless carrier in bankruptcy protection, will have information to share on its efforts to find a buyer in the “near term,” according to a court document filed...
William Aziz has resigned as a director of the board at Canada Bread Co. Ltd., the company said in a press release Monday. Aziz is president of BlueTree Advisors II Inc. and is currently serving as chief restructuring officer of...
The Ontario Superior Court of Justice on Tuesday said it has approved Mobilicity’s request for an extension of its creditor protection until March 31. This marks the third extension the...
Mobilicity is seeking to extend its creditor protection until March 31, according to a report on the website of its court-appointed monitor, Ernst & Young. The report from Ernst & Young, dated Feb. 20, recommends that the court approve this extension of the stay period, currently set to expire Feb. 26. The document said the request is being made “in order to provide the Applicants with time to complete the Sale Process and bring forward a transaction or transactions for this Court’s approval.” Mobilicity’s operator, DAVE Wireless Inc., which launched...
Mobilicity’s management says Catalyst Capital Group Inc. is trying to leverage a $60-million lending agreement to take control of the floundering new entrant carrier. Catalyst says it’s...
Dave Wireless Inc. board member William Aziz met with an Industry Canada official the same day former industry minister Christian Paradis said he would block Telus Corp.'s proposed acquisition of...
One day before Industry Canada denied the deal, Dave Wireless Inc. board member William Aziz registered with the federal lobbying commissioner to lobby for approval of the company's acquisition by Telus Corp. as well as the...