Lifting the cone of silence

While some people have been focused on Industry Canada’s update of the 700 MHz auction bidders list, changing status to “Provisionally qualified”, there was another change announced, impacting the bidders’ behavioral rules.

The response to Q2.14 has changed to permit discussions between bidders and affiliates of bidders regarding their beneficial ownership:

For example, discussions by an affiliate of Bidder A with another bidder regarding a potential change in ownership or control of that affiliate are not captured under the auction rules, as long as the potential change in ownership or control of the affiliate of Bidder A does not affect the beneficial ownership of Bidder A.

This change should enable more open discussions about potential transactions involving companies such as Mobilicity or Allstream to take place.

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