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-   -   Telus in talks to acquire Mobilicity (https://www.revscene.net/forums/682918-telus-talks-acquire-mobilicity.html)

subordinate 04-12-2013 11:07 PM

Telus in talks to acquire Mobilicity
 
This is B.S. if it happens. Mobilicity has some great plans, and we all know what will happen when acquired. Fees go up and plans changed for the worse to increase profits.


Telus mum on reports it

Quote:

VANCOUVER — Telus is not commenting on reports that is in talks to acquire the independent Canadian cell phone provider Mobilicity.

Mobilicity is among the three independent small Canadian wireless companies that announced earlier this week that they are withdrawing from the Canadian Wireless Telecommunications Association over what they termed as their “mounting frustration with the CWTA’s consistent bias in favour of Rogers, Bell and TELUS on a wide variety of issues.”

If the current rumour of a pending sale of Mobilicity is true, that would mean all three of those independent carriers could be up for sale. The smallest of the three, Public Mobile, which offers service in Ontario and Quebec, has reportedly hired bankers to find a buyer. And Wind Mobile is known to be seeking buyers, with Fongo Inc. making public its acquisition bid, a bid that was ridiculed on Twitter by Wind’s chief regulatory officer Simon Lockie.

I hereby publicly offer to buy Fongo for $1 and half my sandwich.Hopefully the story gets picked up before I get too hungry to deliver.

— Simon Lockie (@LockieSimon) March 27, 2013

The report of the potential sale of Mobilicity, in a Globe and Mail story that quotes what reporters Rita Trichur and Boyd Erman identify as a letter from Telus vice-president of corporate development Stephen Lewis to Mobilicity president Stewart Lyons and Michael Levin, managing director of investment banking at Canaccord Genuity, has already generated criticism among consumer advocates.

“The choice in Canada’s cell phone market is going to be reduced even further from what is already a dismal state,” said Lindsay Pinto, spokesperson for the Vancouver-based OpenMedia.ca, which has collected more than 30,000 signatures on an online petition to Canada’s Industry Minister Christian Paradis demanding more choice of carriers in the wireless market.

“Canadians have made it very clear that they want choice in the cell phone market,” said Pinto.

Telus spokesman Shawn Hall said his company has no comment on the report about Mobilicity.

Citing an unnamed source, the Globe and Mail story said Mobilicity would be valued from $350 million to $450 million.

FerrariEnzo 04-12-2013 11:15 PM

lol telus couldnt afford to go after Wind, so they go after Mobi.. haha

Szeto 04-13-2013 01:26 AM

doubt such acquisition would be allowed by the government

FerrariEnzo 04-13-2013 01:56 AM

not until 2014 at least... then its free for all for the incumbents..

Mr.HappySilp 04-13-2013 10:14 AM

lol Blame the CRTC for not allowing non-Canadian companies to operate wirless and TV/Internet service in Canada in order to protect Canadians.

BurnoutBinLaden 04-13-2013 02:04 PM

Oh, the big carriers!

They have given my family much grief over the years. The lack of choice in the Canadian wireless industry is almost a human rights violation.

Coren 04-13-2013 02:04 PM

non-Canadian companies are allowed to operate wireless now

CRS 04-13-2013 04:04 PM

Quote:

Originally Posted by BurnoutBinLaden (Post 8211201)
Oh, the big carriers!

They have given my family much grief over the years. The lack of choice in the Canadian wireless industry is almost a human rights violation.

You're an idiot.

bcrdukes 04-13-2013 04:28 PM

Quote:

Originally Posted by CRS (Post 8211275)
You're an idiot.

#:derp: No man, wutchu talkin' bout. It is up to private corporations and both federal and provincial governments to provide us wireless service. We're entitled to it all, unlimited minutes, data and fucking roaming - free.

:derp: x 1000

FerrariEnzo 04-13-2013 11:04 PM

lol if robelus gets approved for the buyout of the new entrants, its all over where they dominate the wireless industry... so all this time that the government said they will make changes will be nothing but a joke and waste of tax payers dollars..

Neva 04-13-2013 11:48 PM

If this goes down it'll be, yet another, slap in the face for all of us. I still cannot get over how their cartel actions go uninterrupted and how much our tax payer dollars go to supporting the guys that make it legal for these crooks to operate like they do.

How can the government expect our country to become further developed and successful when they directly contribute to the restriction and access to information and communications. Not to mention the 'protection' of Canadian companies from foreign-based competition that keeps them sitting around with shit-eating grins. Such a joke. The unfortunate part is most of us are forced to buy into it.


Until then just buy some stock in Telus and watch it constantly rise :troll:

dasani604 04-14-2013 11:00 AM

In other news, Catalyst Capital Group wants to merge WIND and Mobilicity

The article also states that Rogers and Telus are interested in acquiring WIND.

FerrariEnzo 04-14-2013 02:31 PM

I doubt Rogers would interested in Wind if they got the go ahead to take Shaw's AWS....

Bell/Telus would love to take both Wind and Mobi.. I highly doubt they would get both... Tony Lacavara would have higher chance to retake Wind, IF the government really steps in and stop robelus from the buyout...

GLOW 04-14-2013 03:34 PM

Quote:

Originally Posted by BurnoutBinLaden (Post 8211201)
The lack of choice in the Canadian wireless industry is almost a human rights violation.

http://images.yuku.com.s3.amazonaws....b0bc1d093a.gif

Mr.HappySilp 04-15-2013 08:47 AM

Quote:

Originally Posted by Coren (Post 8211202)
non-Canadian companies are allowed to operate wireless now

Right and you know how hard it is for them to operate? Basically they have to piggy back on the big 3. Do you think the big 3 is going ot give these small guys the best network (currently their own customer is using) to these small guys? Most likely no. I am not sure what provider you use but have molbi celluar network is bad that people constanlty have drop calls their 3d,4d doens't work for hours at a time.

Not to mention there are the phones you get with each provider. As a phone maker (IE Samsung). will mot likely provider their newest phone to the big 3 becasue it helps the phone provider with sales and the big 3 buys them in bulk (we are talking maybe millions of unit) while the small guys will be lucky to even order a million. Chances are companies like Samsung will most likely want to deal with the big 3 frist before dealing with the small guys.

shenmecar 05-16-2013 06:54 AM

TELUS to acquire Mobilicity and its 250,000 subs for $380 million | MobileSyrup.com

Telus just bought Mobilicity, just awaiting approval before the purchase can be finalized.

CRS 05-16-2013 08:27 AM

Quote:

Originally Posted by shenmecar (Post 8238595)
TELUS to acquire Mobilicity and its 250,000 subs for $380 million | MobileSyrup.com

Telus just bought Mobilicity, just awaiting approval before the purchase can be finalized.

Well, shit.

Tapioca 05-16-2013 08:57 AM

We're a small market and have a huge landmass. Only big companies can operate here. We have a market that 1/10th the size of the US. And virtually all other developed countries have a landmass that is much much smaller than ours.

Having no choice sucks, but let's face the facts. If only people cared about politics as much as they care about saving a few bucks on their wireless service, perhaps we'd be better off as a country? Priorities people.
Posted via RS Mobile

GLOW 05-16-2013 09:56 AM

what does this mean for current mobilicity users and their current phone plans?

willystyle 05-16-2013 10:17 AM

Quote:

Originally Posted by shenmecar (Post 8238595)
TELUS to acquire Mobilicity and its 250,000 subs for $380 million | MobileSyrup.com

Telus just bought Mobilicity, just awaiting approval before the purchase can be finalized.

The incumbents CANNOT buy any of the three new wireless carriers until 2014, at the earliest. This transaction will not be approved.

FerrariEnzo 05-16-2013 01:04 PM

Quote:

Originally Posted by willystyle (Post 8238704)
The incumbents CANNOT buy any of the three new wireless carriers until 2014, at the earliest. This transaction will not be approved.

its already been writting that this is true on the face, only new players who wants to enter the canadian market can buy them before that...... but behind the curtains/ under the table, it will be Telus operating.... and you can be sure that Mobi will have money now to scope up some of the 700mhz spectrum... damn.. telus will have LOTS of this spectrum at the beginning of 2014 and officially announce the takeover

willystyle 05-16-2013 02:48 PM

I don't know if Telus will be injecting money into Mobilicity under the table for LTE spectrum acquisition; however, I can see that this mess will drag out for another 6-8 months until early next year, the federal government and its regulators will then approve this buyout. Telus will re-farm all of the 1700MHz spectrum from Mobilicity for LTE, so that they can be in a better position to compete with Bell and Rogers for network supremacy. All of the Mobi plans will then hopefully be grandfathered, the existing Mobi users will be offered 2-3 year agreements to get a new handset with Telus to use their HSPA 1900/LTE 700/1700 network. 1700 will be used primarily to offload the 700Mhz spectrum in case it gets too congested.

At the end of the day, the only losers here will be consumers.

bcrdukes 05-16-2013 03:09 PM

250,000 subs - lol. Low paying subs rarely generating any revenue.

Telus is more interested in the spectrum. It's far more valuable.

Liquid_o2 05-16-2013 03:34 PM

Well doesn't this just suck. I have had an amazing time with Mobilicity these past two years. Absolutely no complaints. This really really sucks.

dachinesedude 05-16-2013 06:27 PM

Quote:

Originally Posted by willystyle (Post 8238704)
The incumbents CANNOT buy any of the three new wireless carriers until 2014, at the earliest. This transaction will not be approved.

sorry to burst your bubble, but you really think telus didnt get govnt's blessing before going forward with this acquisition? its going to be approved

i dont get why you guys are talking about less competition after this, didnt you read the article? mobilicity was losing money and would've declare bankruptcy, would've lost them as a competitor anyways


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