
Shaw Communications Inc. confirmed Tuesday that it has closed the deal to purchase Wind Mobile.
The $1.6 billion transaction brings Shaw into the wireless market, with the acquisition of Wind's 940,000 subscribers.
Shaw first announced its intention to purchase Wind in December.
The Competition Bureau said it wouldn’t stand in the way of Shaw Communication Inc.'s purchase of Wind Mobile.
Shaw announced its plans for the $1.6 billion acquisition in December and on Thursday, the bureau confirmed that it wouldn't challenge the proposal in a posting on its website.
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.
On Wednesday the CRTC released average domestic retail prices for wireless carriers as part of its ongoing examination of the wholesale wireless market in Canada.
The CRTC declined a request from Wind Mobile to make public the figures charged by each wireless company after the institution of the government’s rate cap in June, instead opting to release an average amount for voice, texting, and data.
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.
Canadian consumers need incentives to make the switch to environmentally friendly electronic bills, SaskTel said in response to CRTC questions about telcos' charges for paper billing.
SaskTel, a provincial Crown corporation that offers wireless, landline and IPTV services, said in regulatory documents filed with the commission last week that it has not adopted the industry trend of charging consumers to receive paper copies of their monthly bills.