“Globalive Communications Corp., a two-year-old Canadian wireless carrier, is in talks to buy Mobilicity, adding a competitor to take on larger rivals BCE Inc. (BCE) and Rogers Communications Inc., according to a person familiar with the discussions.”
“Canadian telecom upstart Globalive wants to buy rival Mobilicity but no deal is imminent or indeed likely until the government clarifies rules on foreign ownership and airwave allocation, according to a source with knowledge of the situation.”
“Wireless newcomer Mobilicity is planning to launch an initial public offering early in the new year with the goal of raising up to $100-million.
Sources say the company plans to go public as early as the first quarter of 2012, provided that equity markets are less volatile. A number of IPOs have been ready to launch since late summer, but they were put on hold because markets were too choppy as the European debt crisis unfolded. […] Read the rest of this entry »