New-entrant wireless carrier Mobilicity is in a holding pattern after the collapse of a buyout deal with Telus Corp. that could harm its chances of being rescued from bankruptcy protection, according to Macquarie Capital Markets analyst Greg MacDonald.
MacDonald said in a phone interview Wednesday that Videotron owner Quebecor Inc. now appears to be the only serious bidder for the company and that Mobilicity’s continuing losses and a slide in subscriber numbers leave it in a poor negotiating position.