Cartesian, Thomvest Buy Canada Wireless Co. Public Mobile

Law360, New York (June 6, 2013, 8:32 PM EDT) -- Canadian wireless company Public Mobile has been acquired by New York private equity firm Cartesian Capital Group LLC and venture capital investor Thomvest Seed Capital Inc., Public Mobile said Thursday, giving it access to capital as it tried to compete with the country's three largest carriers.

Cartesian and Thomvest Seed, owned by Canadian investment mogul Peter J. Thomson, will provide financing to Public Mobile until it reaches becomes cash flow positive. The two private investors made the first stage of the funding as part of the...
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