Rogers given approval to buy Mobilicity
Posted June 24, 2015 8:38 am.
This article is more than 5 years old.
TORONTO, ON. (NEWS 1130) – Rogers Communications has been given the go-ahead by Industry Canada to buy a smaller wireless carrier. It has purchased Mobilicity for a couple hundred million dollars.
Rogers will also sell some spectrum to Wind Mobile, which has emerged as one of the leading challengers to Canada’s three biggest wireless companies. This deal still needs to be approved by the Competition Bureau.
Rogers says the $440 million purchase price will be offset by tax losses valued at about $175 million that the company will acquire. The deal follows earlier attempts by Telus to acquire Mobilicity that were blocked by the federal government.
Rogers is the parent company of NEWS 1130 Radio.
