Fastest-growing new entrant confirms it will bid in 2013 auction
TORONTO, March 15, 2012 /CNW/ - Responding to the announcement made yesterday by Minister of Industry Christian Paradis regarding the rules of the upcoming spectrum auction, Mobilicity said the outcome will help sustain competition and lower wireless pricing for consumers.
"The government has declared the Canadian consumer as the clear winner of this ongoing battle between new entrant and incumbent carriers," said President and Chief Operating Officer Stewart Lyons.
He added, "Our position has always called for full set-asides of the 700 MHz spectrum for the new entrants; and while we recognize a compromise has been made, we are confident that competition will continue for the betterment of Canadian consumers."
Lyons confirmed Mobilicity's participation in the 2013 auction. "We will definitely bid on the 700 MHz spectrum. After completing an explosive Q4 with more net new customers than all of the other new entrants and two incumbent carriers, we are now the fastest-growing carrier and need more spectrum to expand beyond our 10MHz of spectrum and introduce new platforms, like LTE which can be launched with as little as 6MHz of spectrum (3MHz x 3MHz)."
Mobilicity also said the government's contemplation of extending its roaming and tower sharing mandate for another five years is the right course of action, citing that an extension will benefit Canadian consumers from coast-to-coast.
About Mobilicity (DAVE Wireless)
Mobilicity, Canada's smart mobile carrier, was created to bring down the cost of wireless with unlimited talk, text and data plans, affordable North American coverage, plus popular handsets and smartphones - without locking customers into contracts or charging extra or hidden fees. Everything Mobilicity does adds up to a better wireless experience, not an expensive one. NOW THAT'S SMART.
Formerly known as Data & Audio-Visual Enterprises Wireless Inc. (DAVE Wireless), the company is led by Obelysk, a diversified Canadian holding company, and Quadrangle Capital Partners, a global investor in the telecommunications and media sectors. Mobilicity was named one of Canada's Top 25 Up and Coming Information & Communication Technology start-ups in 2010 by the Branham Group Inc. Further information about Mobilicity can be found at www.mobilicity.ca.
For further information:
For more information, images or interviews, please contact:
Director, Corporate Affairs
Specialist, Corporate Affairs