Canada's Telus agrees to buy startup Public Mobile: Reuters

Canadian telecom company Telus said on Wednesday it has agreed to buy 100 percent of struggling startup Public Mobile from private equity firm Cartesian Capital and Thomvest Seed Capital, a Toronto-based investment vehicle backed by Peter Thomson. The terms of the deal were not disclosed. The Canadian government said in a separate statement that it has approved the transfer of Public's spectrum licenses to Telus, paving the way for the deal to proceed.

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