Canada’s Competition Bureau said on Friday it would allow Canadian telecom company Telus Corp to buy all of struggling startup Public Mobile. Industry Minister James Moore had approved the sale last month, saying it would not hurt consumers. The Conservative government is eager to boost competition in the wireless sector.
Telus confirmed that it has put down a refundable deposit to meet Tuesday’s deadline to bid on radio waves needed to operate cellphone networks. Wind Mobile has already said it will be among bidders for the Jan. 14 auction. Canaccord Genuity analyst Dvai Ghose said that since the initial deposit required is “small and refundable” — $16 million — there may be foreign carriers on the list, such as major American carrier AT&T.