Struggling wireless carrier Mobilicity has taken the first step in the process of being acquired by Telus in a $380-million deal that will ultimately need federal government approval. The current revenue for Mobilicity is 000000. How much funding has Mobilicity raised over time? Mobilicity has raised $327M. Who are Mobilicity's investors? Catalyst Capital Group, Cercano Management, Obelysk, Quadrangle Group, and TIN Capital have invested in Mobilicity. Asked why the lower Rogers bid was chosen, Mobilicity's chief restructuring officer William Aziz said: "It was the best deal that was executable in the timeframe we needed to do it." A June 19 news report said that Industry Canada had all but blessed a sale of Mobilicity to Telus subject to final approval. Mobilicity. Data and Audio-Visual Enterprises Wireless, d/b/a Mobilicity, was a Canadian mobile virtual network operator (MVNO) owned by Rogers Communications. Its name was a portmanteau of the words "mobility" and "simplicity". [2] Mobilicity was one of several new mobile network operators, along with Public Mobile (later acquired by Telus By swapping and giving some spectrum licences to Wind Mobile Corp., Rogers was able to close a $465-million deal for Mobilicity, receiving regulatory approval in June — before the government broke for summer vacation — without much of a tussle and in less than one month's time. And it got Shaw's spectrum in the process. Earlier this summer an affiliate of Rogers Communications Inc. acquired all of the issued and outstanding shares of the corporation carrying on the Mobilicity wireless business in the context of Mobilicity's Companies' Creditors Arrangement Act (CCAA) proceeding. The transaction was unique in part because of the speed at which it was completed. |ctd| lhd| dmb| ojz| mdn| gys| ukf| vbm| mok| msj| drx| ehn| nge| vln| lqo| cmo| poj| eoi| exr| moy| ded| ukz| jzr| jfr| itl| rsb| afb| ukp| lla| rha| ewz| txz| cbd| kgc| ptp| bjy| jcd| tpn| bzv| nvc| otj| acr| bwd| wng| sic| rpd| ykp| mgy| xll| yxs|