The Daily Chase: Markets point to flat open; Globalive bids to acquire spectrum from Xplore Mobile
BNN Bloomberg
North American equity markets are at stall speed, failing to build on some late week momentum from last Friday.
GLOBALIVE BIDS FOR MANITOBA SPECTRUM
It seems Anthony Lacavera isn't intent on standing idly by in his efforts to rebuild his telecom holdings. Lacavera's Globalive is bidding to acquire spectrum from Xplore Mobile in Manitoba in an effort to build an independent wireless carrier, and says it's in discussions with Telus to expand its existing conditional network sharing agreement. You may recall that Globalive had put forward a US$3.75 billion offer for Shaw's Freedom Mobile division but was rebuffed in favour of Quebecor's US$2.85 billion offer for the asset (of course, contingent on approval of Rogers' US$20 billion takeover of Shaw itself.)
MORE M&A IN THE ENERGY PATCH
