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Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 839,608,247
Close 2014-11-25 C$ 52.60
Market Cap C$ 44,163,393,792
Recent Sedar Documents

Globe says Telus, others see more Mobilicity interest

2014-11-26 08:16 ET - In the News

See In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Wednesday edition Mobilicity says it is in early-stage discussions with "a number" of interested parties that could end the wireless start-up's restructuring limbo. The Globe's Christine Dobby writes Mobilicity said in court materials filed this week it is considering several "entirely different transaction structures," adding, "Discussions are in early stages and continuing with all interested parties, all with a view to advancing a value-maximization transaction that is capable of being implemented, including from a creditor support standpoint." Mobilicity has been under creditor protection since September, 2013, and is asking an Ontario court for a further stay of legal proceedings while it continues efforts to find a willing buyer or partner acceptable to the feds. Mobilicity has tried to reach a deal with Telus in the past, but Industry Canada blocked the transaction, stating it would not approve deals that lead to an undue concentration of cellular spectrum in the hands of Canada's incumbent national carriers. Mobilicity paid $243-million for its spectrum in 2008. Quebecor and fellow new entrant Wind Mobile have both previously indicated an interest in Mobilicity.

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