Competition Bureau approves TELUS’ proposed acquisition of Public Mobile

Done deal.

The final step in TELUS acquiring 100% of Public Mobile has been given the official green light from the Competition Bureau today.

The Competition Bureau took over 4 weeks to decide that “the proposed transaction is unlikely to substantially lessen or prevent competition in the sale of mobile wireless telecommunications services in Southern Ontario and Greater Montreal.”

John Pecman, Commissioner of Competition, stated “Our review concluded that remaining non-incumbents are likely to continue to provide effective competition in areas previously served by Public Mobile. But as the vast majority of Canadian wireless subscribers are served by three national incumbent providers, the Bureau will continue to closely monitor the evolution of competition in Canada’s wireless telecommunications industry and take action where appropriate.”

When TELUS and Public Mobile announced their intent to merge businesses, an internal doc we received stated “following a transition period” Public Mobile customers will be migrated off of CDMA to TELUS’ HSPA or LTE networks. Well, looks like the migration period could be until the end of 2014.

Public Mobile has over 280,000 wireless subscribers and have G-Band spectrum between Windsor to Quebec City. The terms of the deal were not disclosed.

Source: Competition Bureau