Earlier today we told you Industry Minister Christian Paradis announced the Federal government will not approve the $380 million TELUS-Mobilicity deal, citing the spectrum set aside for new entrants “was not intended to be transferred to incumbents.” This puts the lifeline of Mobilicity in jeopardy, which TELUS just reflected in their response to today’s announcement:
Today’s decision is unfortunate for Mobilicity’s 250,000 customers, 150 employees and debtholders, who now face considerable uncertainty due to the pressing financial challenges facing the company. TELUS will drive on with our proven strategy that has served us so successfully over the years. We will continue to focus on our sustained investment in wireless infrastructure, broadband data services and putting our customers first.
Ottawa has long maintained they plan to make our wireless environment more competitive but as it stands, the incumbents still control the majority of the market. What do you think? Did Ottawa make the right choice this morning?