Canada's Telus withdraws Mobilicity bid, newspaper says
TORONTO May 21 (Reuters) - Canada's Telus Corp has withdrawn its bid to acquire struggling domestic wireless company Mobilicity, the Globe and Mail newspaper reported on Wednesday, citing a source it did not identify.
The Western Canada-focused telecom company has made several bids for the much-smaller company, formally known as Data & Audio-Visual Enterprises Wireless Inc, despite federal government opposition.
Telus, Mobilicity and court-appointed supervisors of the corporate restructuring weren't immediately available for comment.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.