Telus withdraws Mobilicity bid: Report

Former Telus CEO Darren Entwistle speaks at the annual general meeting in Vancouver, British...

Former Telus CEO Darren Entwistle speaks at the annual general meeting in Vancouver, British Columbia May 8, 2014. Entwistle, who is being replaced by Joe Natale, will stay on as executive chair of the board. (REUTERS/Ben Nelms)

Reuters

, Last Updated: 1:33 PM ET

TORONTO – Canada's Telus Corp has withdrawn its bid to acquire struggling domestic wireless company Mobilicity, the Globe and Mail newspaper reported on Wednesday, citing a source it did not identify.

The Western Canada-focused telecom company has made several bids for the much-smaller company, formally known as Data & Audio-Visual Enterprises Wireless Inc, despite federal government opposition.

Telus, Mobilicity and court-appointed supervisors of the corporate restructuring weren't immediately available for comment.

 


Videos

Photos