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Ontario court approves Rogers’ purchase of Mobilicity

An Ontario court has approved Rogers' bid to buy Mobilcity.
An Ontario court has approved Rogers' bid to buy Mobilcity. FREDERIC J. BROWN/AFP/Getty Images

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).

Rogers said Industry Canada has approved its takeover offer for Mobilicity.

More coming.

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