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Rogers will sell spectrum to Wind after $440M Mobilicity takeover

Posted in Canada, Community


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Published on June 26, 2015 with No Comments

Mobilicity has accepted a $440-million takeover offer from larger rival Rogers Communications Inc., which will sell off some of Mobilicity’s wireless airwaves to secure the permission of various regulatory bodies for the deal.
A court monitor overseeing Mobilicity’s restructuring plan since 2013 has given its approval to the deal that will see Vaughan, Ont.-based Mobilicity be bought out by Rogers. Mobilicity has a stable of about 157,000 customers clustered in Ottawa, Toronto, Calgary, Edmonton and Vancouver, and owns valuable spectrum that it purchased in a government auction in 2008, one that gave birth to the company and many others, including Wind.
Mobilicity twice before sold itself to Telus before the federal government quashed those deals, saying it would have consolidated too much wireless infrastructure in the hands of too few players.
This deal is different, however, in that Rogers has agreed to sell off some of Mobilicity’s spectrum to other smaller rivals to keep regulators happy.


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