The Catalyst Capital Group Inc., the private equity firm based in Toronto and the largest debt holder of struggling wireless entrant Mobilicity, has dropped out of Ottawa’s 700MHz wireless spectrum auction, as noted by a change on Industry Canada’s website, notes the Globe and Mail.
This now leaves the following 11 companies set to bid on the 700MHz spectrum, seen as ‘beach front property’ since these airwaves are able to easily penetrate building and have signals go further. With one less bidder, this means incumbent carriers now have one less competitor to deal with.
Bell Mobility Inc.
Bragg Communications Incorporated (Eastlink)
Feenix Wireless Inc. (owned by John Bitove, the founder and executive chairman of Mobilicity)
Globalive Wireless Management Corp. (official name of WIND Mobile)
MTS Inc.
Novus Wireless Inc. (2.2% owned by Concord Pacific CEO; 97.8% owned by Luxembourg Famous Star SARL, a subsidiary of Famous Star Investments Limited, which is a subsidiary of Taiwan-based ASUSTeK Computer Inc)
Earlier this week, the federal government released its Budget 2024, which aims to lower junk fees on cellphone bills when customers are trying to switch carriers. Prime Minister Justin Trudeau’s account on X continues to post random tidbits from the proposed budget, and yesterday’s latest ended up getting slammed with angry replies. "We’ve cut the...
Here are the latest Canadian cellphone plan and device deals, plus other promos from wireless carriers such as Rogers, Telus and Bell, from our partner PlanHub. As always, the promos and plans may change at the last minute, but here they are as of Wednesday, April 17, 2024. Bell Noticeable price changes: Up to $600 off iPhone...
The federal government's Budget 2024 announced on Tuesday afternoon plans to make it easier to switch plans when it comes to cellphone, internet and home phone. Changes are set to amend the Telecommunications Act to simplify the process for Canadians to renew or switch plans from telecoms. This plan is a direct response to the...