TELUS to buy Mobilicity for $380 million, adds 250,000 susbcribers

Looks like the inevitable has happened. Mobilicity is being bought by TELUS for $380 million and as a result 250,000 existing Mobilicity subscribers will be absorbed into TELUS which already owns Koodo, a budget brand that competes with Mobilicity.

"A concern for our customers and employees led us to approach TELUS, which has a reputation for a strong customer focus, as evidenced by their industry leading client loyalty," said Stewart Lyons, Mobilicity President. "I am confident TELUS will look after our employees and our customers, mitigating any disruption to their service, while offering the best outcome for all stakeholders." Hit jump for the full press release from TELUS.

Click to read more ...