Canada’s Wind Mobile could make a counter-offer to buy the financially troubled rival, Mobicity after the government effectively blocked a deal by Telus to buy the company.
Although the government hasn’t formally blocked the deal, it has blocked the transfer of radio spectrum from Mobicity to Telus, which effectively has killed the transaction.
Telus offered C$380 million to buy Mobicity — with all the funds going towards paying off the mobile network’s debts.
Wind Mobile’s CEO Anthony Lacavera has now said that his company could put in an offer to buy Mobicity instead, leading to a much expected and generally needed consolidation amongst the smaller players in the market.
Wind Mobile has just over 600,000 subscribers while Mobilicity has 250,000 customers.
“We are certainly interested in re-opening the discussion with Mobilicity,” he told CBC in an interview.