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TELUS Corp Agrees To Acquire Mobilicity


Thursday, 16 May 2013 09:03am EDT 

TELUS Corp announced that it has entered into an agreement with Mobilicity to acquire the company for $380 million. TELUS and Mobilicity have informed the government and regulators and both companies are fully committed to working cooperatively to secure timely approvals for the transaction. The entire purchase price will be used to satisfy Mobilicity's secured and unsecured debt. If this transaction is approved, TELUS will retain all 150 Mobilicity employees as it integrates the Mobilicity operation into TELUS over the coming months. 

Company Quote

35.12
-0.44 -1.24%
12:42pm EST