The wireless landscape in Canada is changing once again as TELUS has now announced they've agreed to acquire Mobilicity. The deal worth $380 million will still need to be approved by the Competition Bureau, Industry Canada, and Mobilicity's debtholders. Over the past little while, Mobilicity was looking to have the company change hands due to financial concerns but if all goes through, it will ensure all 250,000 Mobilicity customers continue to have service without disruption.
"A concern for our customers and employees led us to approach TELUS, which has a reputation for a strong customer focus, as evidenced by their industry leading client loyalty," said Stewart Lyons, Mobilicity President. "I am confident TELUS will look after our employees and our customers, mitigating any disruption to their service, while offering the best outcome for all stakeholders."
In addition to maintaining service for customers, TELUS will also retain all 150 Mobilicity employees throughout the transition process and will offer long term employment to those employees. If you're looking for the full details, the press release from TELUS and Mobilicity can be found below.