Whether a deal struck by Rogers Communications to purchase smaller wireless operator Mobilicity actually stokes competition in Canada’s concentrated wireless industry remains to be seen, but some outsiders say it marks a step in the right direction.
Rogers received court approval Wednesday to buy Mobilicity for about $465 million in an agreement expected to trigger a series of transactions that affects wireless customers in Ontario, Alberta and British Columbia.
Under the plan, Rogers (TSX:RCI.B) will sell spectrum to Wind Mobile, which has emerged as one of the leading challengers to Canada’s three biggest wireless companies. Rogers spokesman Kevin Spafford said late Wednesday that the deal has received approval from the federal Competition Bureau.
Read full article here.
DAVID FRIEND – CANADIAN PRESS –Â
Want More Investigative Content?
