On July 2, 2015, our Toronto office advised Mobilicity in the sale of its operating subsidiary, Data & Audio-Visual Enterprises Wireless Inc., to an affiliate of Rogers Communications Inc. in a transaction valued at C$465m.
Data & Audio-Visual Enterprises Wireless Inc., a Canadian wireless telecommunications carrier, commenced creditor protection proceedings under the Companies’ Creditors Arrangement Act in September 2013.
The transaction offered significant value to Mobilicity’s creditors and allowed Data & Audio-Visual Enterprises Wireless Inc. to emerge from creditor protection as a going concern.
The transaction was subject to government and court approvals and was completed on July 2, 2015.
The Norton Rose Fulbright team included Walied Soliman, Orestes Pasparakis, Evan Cobb, Troy Ungerman, Roger Watkiss, Barry Segal, Eric Reither, Marc Kestenberg, Kevin Ackhurst, Alex Schmitt and Stephen Taylor.