Canada's Telus withdraws Mobilicity bid, newspaper says

Wed May 21, 2014 12:11pm EDT
 
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TORONTO (Reuters) - Canada's Telus Corp (T.TO: Quote) has withdrawn its bid to acquire struggling domestic wireless company Mobilicity, the Globe and Mail newspaper reported on Wednesday, citing a source it did not identify.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.

(Reporting by Alastair Sharp; Editing by Bernadette Baum)

 
A pedestrian is reflected in the window of a Telus store while using a mobile phone in Ottawa February 11, 2011. REUTERS/Chris Wattie