Catalyst Flags Concerns about Mobilicity Restructuring

Canadian private equity firm Catalyst Capital Group has expressed concern about the restructuring process recently entered into by Toronto's Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc. Catalyst, which holds Mobilicity bonds, noted that proposed plans might impair the company's ability to grow and serve customers, as well as the company's ability to be successfully sold. Catalyst said it would actively support restructuring that respected stakeholder rights and that led "to a successful and viable major mobile player."

DealsCanadaNorth AmericaBriefs