When was mobilicity founded

Capital funding for the transaction would be provided by holding company Obelysk Inc. The negotiations are said to be ongoing. Financial Post cpellegrini nationalpost. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Financial Post Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again. This website uses cookies to personalize your content including ads , and allows us to analyze our traffic.

However, the value of those tax losses could be up in the air if Rogers or Telus did not also acquire the subscribers. The tax losses can be applied if the purchaser continues to operate the acquired company in a similar line of business, and buying only the spectrum and network but not preserving the operating business could make it difficult to claim the tax losses.

The statement Monday on behalf of Mobilicity's founder and employees said the group would not "block the sale nor the acquisition of spectrum," but would retain the company's subscriber base and its dealer network with points of distribution. It would also continue to employ workers at two call centres and protect the jobs of 30 full-time Mobilicity employees, the statement said. The group said it would "have a roaming rate structure, utilizing the network infrastructure of the acquirer," and that "capital funding for the transaction" would come from Obelysk, although it did not disclose a price.

The statement did not say whether the group has held talks with the potential buyers directly or whether it has approached Bill Aziz, Mobilicity's chief restructuring officer. The Canadian Radio-television and Telecommunications Commission CRTC issued a ruling on wholesale wireless roaming services in May when it declined to support a model that would force Canada's existing wireless operators to offer access to their networks to MVNOs.

As it stands, companies wishing to operate as MVNOs are permitted to do so, but must negotiate access on commercial terms. PitchBook is a financial technology company that provides data on the capital markets. Log in Request a free trial. Request a free trial Log in. Mobilicity Overview Update this profile. Founded Employees Financing Rounds 9. Mobilicity General Information Description Provider of communication products and services. Formerly Known As. Ownership Status.

Financing Status. Corporate Backed or Acquired. Primary Industry.