Mobilicity might have been unable to raise the funds to bid in Tuesday’s AWS-3 spectrum auction because a $200-million financing deal fell through just minutes before the deadline, according to a report by the Financial Post.
The company, which has been in creditor protection since September 2013, received court approval in January to raise the $62 million Industry Canada required as a deposit in the auction.
Industry Canada released the list of qualified bidders in both the AWS-3 and 2500 MHz spectrum auctions on Friday, with every applicant meeting the qualifications.
Providence Equity Partners Inc., an American private equity firm, is interested in a stake in Wind Mobile, according to a Tuesday report from Bloomberg based on unnamed sources.
Providence was involved in the bidding for ownership of BCE Inc. in 2007 and has investments in several telecom-related businesses including data centre operator Q9 Networks.