The “Mobilicity saga” is coming to an end with TELUS entering into an agreement with Mobilicity to acquire the company and its 250,000 customers for $380 million. This money will not only be used to pay Mobilicity’s owners but also to satisfy its secured and unsecured debt. Naturally, the agreement between the two operators is subject to conditions including approval by the Competition Bureau, Industry Canada and Mobilicity’s debtholders. TELUS and Mobilicity have informed the government and regulators and both companies are fully committed to working cooperatively to secure timely … Read more