Canada Blocks $367M Telecom Deal Amid Policy Changes

Law360, New York (June 4, 2013, 4:44 PM EDT) -- The Canadian government said Tuesday it would block Telus Communications Co.'s $367 million bid for rival wireless carrier Mobilicity as it announced tougher restrictions on spectrum transfers and other policy changes designed to boost competition in the wireless industry.

Canadian Minister of Industry Christian Paradis said the government would not allow Telus to acquire Mobilicity's spectrum licenses, effectively thwarting the deal, according to Telus. The problem, Paradis said, is that Mobilicity's spectrum came from a 2008 auction that specifically required those licenses go to new entrants....
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