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Ottawa threatens to cut Telus out of wireless auction

2014-04-25 13:36:22| Wireless - Topix.net

The Telus store at at 2187 Queen St. East in Toronto's Beach neighbourhood is photographed on March 5 2014.

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Telus tries again with new Mobilicity deal

2014-04-22 02:00:00| Total Telecom industry news

Canadian operator agrees to acquire rival for C$350 million now spectrum transfer ban has expired.

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Telus agrees new bid for Mobilicity

2014-04-18 09:36:00| Telecompaper Headlines

(Telecompaper) Mobilicity has reached a new agreement to be acquired by Telus for CAD 350 million. Mobilicity has been under protection from creditors since September last year. Last year it agreed a sale to Telus for CAD 380 million, but the deal was blocked by the Canadian government, which said it would not allow one of the new entrants on the mobile market after the spectrum auction in 2008 to be swallowed up by a larger incumbent. After the five-year moratorium on spectrum sales expired, Mobilicity said it expects the new transaction to gain regulatory approval, as it should not impact competition. The sale to Telus is expected to provide continuity of service for its 165,000 customers as well as its staff and suppliers. The company said it attracted five bidders in its sale process, with only Telus' offer deemed acceptable. Approximately 95 percent of the holders of Mobilicity's senior unsecured debt due 2018 support the transaction and have agreed to vote in favour of the plan. Completion also remains subject to court approval.

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TELUS Offering $1.0 Billion in New Debt Notes

2014-04-02 12:29:10| Telecom - Topix.net

TELUS announced today it is offering $1 billion of senior unsecured notes in two series, the first with a 7-year maturity, the second with a 30-year maturity.

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