Bell Wants to Close Loopholes Enabling Verizon's Wireless Buys in Canada
Bell Canada has called on federal authorities to address regulatory loopholes that allow U.S.-based Verizon Communications Inc. to purchase small Canadian wireless companies, such as Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc.,. for "fire-sale prices," while preventing domestic carriers from making these buys. Reuters earlier this month reported that Mobilicity was in talks with Verizon about a potential acquisition. The company has been backed by U.S. private equity firm Quadrangle Capital Partners since 2008.
26 July 2013•6 mins read
