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Wind submits bid for Mobilicity, half the value of Telus bid, source says

Canadian cellco Wind Mobile has submitted a bid for the assets of smaller rival Mobilicity under the latter’s court-sanctioned auction process, valued at around half of the CAD380 million (USD357 million) takeover offer from nationwide incumbent Telus which was blocked earlier this year, according to a person with knowledge of the matter quoted by Bloomberg, who asked not to be identified because the process remains private.

Thanks to TeleGeography for the article

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Saturday, 15 May 2021

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