Private equity firm Birch Hill pulls out of Canada wireless auction - Reuters
Birch Hill Equity Partners has withdrawn its application to take part in an auction of prized Canadian wireless airwaves, the country's industry ministry said on its website. The private equity firm had previously been tipped as a possible bidder for small wireless providers Wind Mobile and Mobilicity, with sources saying in August that market leader Rogers Communications Inc would help fund the push in return for a network-sharing deal. The Canadian government last month released a list of 15 companies that registered to bid on the 700 MHz spectrum in an auction that kicks off on January 14.
16 October 2013•1 min read
