Late last night, another bidder opted out: Toronto-based private equity firm, Catalyst Capital Group, which happens to be one of Mobilicity’s largest bondholders. The company declined to comment on why it decided to not to participate in the upcoming auction, but perhaps patience ran out for the space, or there is a plan B in place.
The list has now been narrowed to 11 bidders, and with a homogenous group making a play for licences, thus potentially limiting wireless competition in Canada.
Source: Industry Canada
Via: Globe
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