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Investor group offers to acquire Freedom Mobile: G&M

An investor group has made a bid for Freedom Mobile as Rogers Communications scrambles to find a buyer for Canada's fourth largest cellphone company, the Globe and Mail reported.

An investor group has made a bid for Freedom Mobile as Rogers Communications scrambles to find a buyer for Canada’s fourth largest cellphone company, the Globe and Mail reported. Aquilini Equities, Fengate Asset Management, LiUNA Pension Fund of Central and Eastern Canada, Musqueam Capital Corp and Tsleil-Waututh Nation made an offer and presented it last week to the federal government. Freedom is expected to fetch up to C$4 billion.

Source: Globe and Mail