Mobile service provider Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc., is in talks with Telus Corp. to be acquired in a deal that could value the company at up to C$400 million, according to The Globe and Mail. Competitor Public Mobile Inc. is also reported as hiring investment bankers to find a purchaser. Mobilicity is a portfolio investment of U.S. private equity firm Quadrangle Capital Partners, while Public Mobile is backed by a mix of Canadian and U.S. venture capital and private equity firms.
For more information about Mobilicity, please visit the company’s website.
For more information about Public Mobile, please visit the company’s website.
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