Mobilicity Terminates TELUS Deal, Calls for Debt Holders Meeting
The proposed acquisition of Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc., by TELUS Corp. has been officially terminated by the company, following a recent block of the deal by federal authorities. Mobilicity will now hold a meeting of its debt holders to vote on its previously announced recapitalization plan on June 25. The Toronto-based mobile service provider has been backed by U.S. private equity firm Quadrangle Capital Partners since 2008.
11 June 2013•2 mins read
