The deadline to bid in a court-supervised auction of struggling Canadian wireless startup Mobilicity has been extended by a week to Dec. 16, a regulatory filing showed. Bidders will now have until 12 p.m. on Dec. 16 to submit offers for the carrier, according to a document posted on the website of court-appointed monitor Ernst & Young Inc.Mobilicity, which has fewer than 200,000 customers in some of Canada's largest cities, filed for court protection from its creditors earlier this year after running short of cash.The Toronto-based start-up, which offers lower-cost unlimited talk and text plans, had agreed to sell itself to Telus Corp, one of Canada's dominant providers. But the federal government twice blocked the sale on the grounds it would create an undue concentration of spectrum ownership.Telus, BCE Inc and Rogers Communications Inc control a combined 90 percent of the market, and hold roughly 85 percent of the spectrum used to send mobile voice and data.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE traded higher by 0.11% or $0.05/share to $43.75. In the past year, the shares have traded as low as $38.72 and as high as $48.06. On average, 622405 shares of BCE exchange hands on a given day and today's volume is recorded at 94958.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE traded higher by 0.16% or $0.075/share to $46.64. In the past year, the shares have traded as low as $40.58 and as high as $48.90. On average, 1214480 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 195161.
Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI traded higher by 0.85% or $0.38/share to $45.28. In the past year, the shares have traded as low as $38.32 and as high as $51.98. On average, 420389 shares of RCI exchange hands on a given day and today's volume is recorded at 58659.
Source
