A press release issued yesterday has confirmed that Telus has agreed to obtain 100% ownership of Public Mobile, the Ontario and Quebec focused low-cost wireless provider. The terms of the deal have yet to be disclosed, but part of the money will be used to cover Public Mobile's existing debt and help ease the transition to Telus.
Speaking about the deal, Telus' EVP of technology strategy and operations Eros Spadotto said "We look forward to the successful completion of this transaction, and migrating Public Mobile's customers onto Telus' world-class 4G LTE network while putting their spectrum to good use for millions of customers across Canada. Public Mobile's PCS G block spectrum is part of a developing ecosystem that is being driven by the insatiable demand consumers have for access to wireless data applications."
"Major U.S. carriers are ensuring this spectrum is purposed for the deployment of LTE networks and notably, the iPhone 5s and 5c have this spectrum ecosystem incorporated within their chipset, consistent with the trend across smartphone manufacturers to produce products that can be sold globally with a lessened need for customization on a market-by-market basis. Additionally, Public Mobile's G block spectrum aligns well with matching spectrum TELUS holds in western Canada. The spectrum was acquired by Public Mobile from the open part of the 2008 auction, not from that set aside for new entrants, so is not subject to a transfer restriction."
The good news for Public Mobile customers is that the deal will see better handsets being offered with the service in the future, as well as potential avenues to move to faster, nationwide services, although there's no time scale for when this can be expected.