Telus agrees to take over Mobilicity for $380M

Telus has agreed to purchase wireless upstart and rival Mobilicity for $380 million. Mobilicity launched in 2009 as an alternative to incumbent telecom players following a government auction of new spectrum, and had grown to more than 250,000 customers. Wireless spectrum is the specific band of electromagnetic space that allows devices to transmit signals. It [...] Telus agrees to take over Mobilicity for $380M | www.limit.ws