Ontario court approves Rogers-Mobilicity wireless deal
TORONTO – An Ontario court has given its OK to a deal that will see Rogers Communications purchase Mobilicity.
Rogers (TSX:RCI.B) will also sell some spectrum to Wind Mobile, which has emerged as one of the leading challengers to Canada’s three biggest wireless companies – Rogers, Telus (TSX:T) and BCE’s Bell (TSX:BCE).
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Rogers said Industry Canada has approved its takeover offer for Mobilicity.
The federal government had blocked Telus over concerns that one of Canada’s three large national carriers would acquire wireless spectrum that had been set aside for newer companies, including Mobilicity.
Mobilicity is in five urban markets – Ottawa, Toronto, Calgary, Edmonton and Vancouver – but has not made inroads against the industry main players – Telus, Rogers (TSX:RCI.B) and BCE’s Bell (TSX:BCE), which together have about 90 per cent of the Canada’s wireless subscribers.
© 2015 The Canadian Press