April 24, 2014 / 8:20 PM / in 3 years

Canadian government plans decision on Telus' Mobilicity bid 'soon'

A screen displays the logos of Canadian telecom companies as Industry Minister James Moore speaks during a news conference in Ottawa February 19, 2014. REUTERS/Chris Wattie

TORONTO (Reuters) - Canadian Industry Minister James Moore said on Thursday he plans to announce a decision soon on whether or not to approve Telus Corp’s (T.TO) C$350 million ($317.42 million) bid for Mobilicity.

The federal government has twice rejected previous Telus bids for the struggling wireless upstart on the grounds that a purchase would further concentrate ownership of wireless spectrum, the airwaves telecom companies rely on for booming mobile data use.

Moore noted those prior rejections and said Ottawa’s spectrum transfer policy had not changed.

“I will have a comment in more detail soon on that,” he said on a phone call with reporters. “With that particular transaction I’ll have more to say on that soon.”

Canada’s wireless industry is dominated by three companies: Telus, Rogers Communications (RCIb.TO), and BCE Inc (BCE.TO).

Reporting by Alastair Sharp; Editing by Meredith Mazzilli

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