Telus withdraws Mobilicity bid, newspaper says - Reuters
Telus Corp has withdrawn its bid to acquire struggling domestic wireless company Mobilicity, The Globe and Mail reported on Wednesday, citing a source it did not identify. The Western Canada-focused telecommunications company has made several bids for the much-smaller company, formally known as Data & Audio-Visual Enterprises Wireless Inc, despite federal government opposition. The Toronto-based Mobilicity has been backed by U.S. private equity firm Quadrangle Capital Partners since 2008.
22 May 2014•1 min read
