Mobilicity cancels debtholder vote amid talks for takeover

Wednesday 10 July 2013 | 15:29 CET | News
Data & Audio-Visual Enterprises, the holding company for Canadian mobile operator Mobilicity, announced that it has adjourned a vote scheduled for 10 July by debtholders on its recapitalisation plan while it discusses a possible takeover offer for the company. Mobilicity said that it is in discussions with "multiple parties" on a possible acquisition. The company was earlier forced to abandon its takeover by Telus, after the Canadian government signalled it would not allow incumbent operators to acquire the newer entrants such as Mobilicity and their spectrum rights. Other operators that have

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Mobilicity / Telus / Verizon / Wind Mobile
Countries: Canada
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Mobilicity backers sue Industry Canada for CAD 1.2 bln

Published 09 Sep 2014 10:50 CET | Canada
The financial backers of Canadian mobile operator Mobilicity have filed a CAD 1.2 billion lawsuit against Industry Canada, ...

Mobilicity receives protection from creditors

Published 01 Oct 2013 10:09 CET | Canada
Canadian mobile operator Mobilicity has received protection from creditors under the Companies' Creditors Arrangement Act. The ...

Verizon delays Canada mobile bid - report

Published 15 Aug 2013 19:36 CET | Canada
Verizon is putting off the potential acquisition of two small mobile companies in Canada. The US-based communications giant had ...

Telus challenges govt spectrum policy in court appeal

Published 01 Aug 2013 10:05 CET | Canada
Canadian operator Telus has requested a judicial review of the government's policy to limit the sale of spectrum to incumbent ...

Mobilicity to vote on recapitalisation plan on 10 July

Published 03 Jul 2013 19:06 CET | Canada
Data & Audio-Visual Enterprises Holdings and its affiliates (collectively, Mobilicity) announced that its previously announced ...

Verizon bids for Wind, in talks with Mobilicity - report

Published 26 Jun 2013 19:11 CET | Canada
Verizon Communications is continuing its efforts to expand into Canada's mobile market, after putting an initial offer on the ...

Mobilicity recapitalisation plan to take place on 3 June

Published 21 Jun 2013 17:51 CET | Canada
Data & Audio-Visual Enterprises Holdings and its affiliates (collectively, Mobilicity) has announced that its previously ...

Verizon, others make overtures to Wind Mobile - report

Published 18 Jun 2013 09:15 CET | Canada
Verizon Communications has expressed interest in buying Canadian operator Wind Mobile from Vimpelcom, people familiar with the ...

Telus abandons takeover of Mobilicity

Published 11 Jun 2013 05:12 CET | Canada
Telus has abandoned its offer to acquire Mobilicity, after the Canadian government signaled it would block the transfer of ...

Wind Mobile interested in buying Mobilicity

Published 06 Jun 2013 21:23 CET | Canada
Wind Mobile would like to open talks to buy Mobilicity in a bid to create a fourth national wireless competitor, CEO Anthony ...

Public Mobile bought by private equity firms

Published 06 Jun 2013 16:51 CET | Canada
Canadian mobile operator Public Mobile has announced its acquisition by Thomvest Seed Capital, the Canada-based investment ...

Canadian govt plans mobile licence reforms

Published 05 Jun 2013 20:09 CET | Canada
Christian Paradis, Canada's Minister of Industry, has announced decisions to further promote competition in the Canadian mobile ...