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Analyst Troy Crandall said there are usually consequences with fewer competitors. Comments We encourage all readers to share their views on our articles and blog posts. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, and please keep your comments relevant and respectful.
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Let's get going. Discover simple, affordable, unlimited talk plans to help you stay connected and on-the-go locally, province-wide or across Canada. The carrier offers discount wireless services and has customers in Toronto, Ottawa, Calgary, Edmonton and Vancouver. The company's main.
Visit our FAQ page for more information. Sign In Create Account. News Alerts. Account Sign Out. Loading articles Spectrum refers to radio waves over which cellphone networks operate, carrying voice and data.
Paradis said transfers will be decided on the merits on a case-by-case basis. Motorcyclist killed after colliding with car in Scarborough Aug 13, , PM Child, 2, seriously injured in explosion at Brampton residence Aug 13, , PM Toronto man wanted for murder arrested in the U. Aug 13, , PM.
Rogers will assume Mobilicity's outstanding debts to its trade creditors -- such as suppliers and landlords — as well as its obligations to employees and dealers. My profile. The division was previously limited to countries where Genworth Financial Inc. Retrieved May 2, On that day, Mobilicity had over , subscribers and employees. Mobilicity entered the Canadian market on May 15, with six mobile voice plans. Paradis said.
A lot of stuff. All rights reserved. Create a new password. Almost Done! Get breaking news, weather and traffic stories in your inbox 7 days a week, 24 hours a day. CityNews Evening Update Get caught up on the day's top stories and videos, along with the weather webcast and what's in store for CityNews Tonight at 11 p. I understand that I can withdraw my consent at any time. My profile. Its valuable wireless spectrum, the radio waves used to transmit cellular signals, cannot be transferred to an incumbent until early under regulations set up to foster competition.
But the two firms are asking the government to waive the rule, warning that Mobilicity will sink under the weight of its losses otherwise. In court filings, Mobilicity said that it has searched extensively for other offers to no avail. Some Mobilicity bondholders and its chief restructuring officer, William Aziz, are lobbying aggressively to secure Ottawa's blessing on the Telus deal, sources say. But the government is still wrestling with what to do with the faltering wireless policy, which dates back more than five years. In , the government set aside valuable spectrum licences for new entrants to try to create competition, force down prices and improve service.
Now, much of that spectrum appears headed back into the hands of big players unless Ottawa takes action. But government officials are struggling to figure out how to prevent that, since the new players collectively have barely 1 million subscribers, most of which spend far less per month than the customers of the dominant players, and are financially unattractive to foreign buyers. Industry Minister Christian Paradis is in the midst of a review of Ottawa's spectrum-transfer policy, with the results due in coming weeks.
One option for the government is to stall for time, in the hope that another buyer might emerge to save Mobilicity and the largest independent, Wind Mobile. In addition to the Telus transaction, Rogers Communications Inc. BCE Inc. Public Mobile faces no restriction on the sale of its assets because of the type of spectrum it purchased. Notwithstanding Thursday's announcement and the other activity in the wireless industry, there is a movement afoot that would allow Ottawa to save some face, should Wind be sold to a major player.
That compromise, which is being floated to government officials, would see Amsterdam-based VimpelCom Ltd.
Essentially, that means Wind would maintain a separate management team and possibly an independent share-ownership structure. In return, the incumbent buyer would acquire Wind's spectrum assets and tax losses on its balance sheet.
Under such a scenario, Wind would continue to use its own network infrastructure, such as antennas, but it would use spectrum that is controlled by an incumbent. Still, the broader issue for Ottawa is that creating a viable fourth player out of the pack of stragglers will require someone with a big chequebook and the desire to keep fighting Telus, BCE and Rogers, each of which is vastly bigger. Minister Paradis signalled he would not rush his decision on Telus and Mobilicity.
Mobilicity says it has no other option. We beat the bushes as far as they could possibly be beaten and as hard as they could possibly be beaten … There was not a deal to be found with the other new entrants. It was not offered. It was not on the table.