Overview
- Mobilicity (formerly DAVE Wireless) was a new wireless entrant resulting from the CRTC 2008 spectrum auction
- Service was launched in 2010, but Mobilicity faced strong competition from the incumbent wireless operators and financial headwinds in funding the network build-out
- Consequently, Mobilicity pursued several sales attempts over the years, one of which was to Telus
- The proposed Telus transaction was approved by the Mobilicity Board and stakeholders, but it was prohibited by the Competition Bureau
MPA ‘s Role
- Morrison Park was retained by the special committee of Mobilicity to provide a fairness opinion under a CBCA plan of arrangement during a sale attempt to Telus
Outcome
- The proposed Telus transaction was approved by the Mobilicity Board and stakeholders, but it was prohibited by the Competition Bureau
- Mobilcity was ultimately acquired by Rogers out of bankruptcy in a $440M offer that included concessions to the CRTC and Industry Canada for the sale of spectrum to Wind Mobile