Telus in new agreement to buy Canadian startup Mobilicity - Reuters
Telus Corp, one of Canada's dominant telecom providers, has reached a new agreement to acquire struggling wireless startup Mobilicity, in a renewed bid to overcome government objections on competition grounds, reports Reuters. Mobilicity said that it agreed to be acquired by Telus for $350 million and that a court-appointed monitor has recommended the transaction. The deal is still subject to government approval. The Toronto-based Mobilicity has been backed by U.S. private equity firm Quadrangle Capital Partners since 2008.
21 April 2014•2 mins read
