TORONTO, June 10, 2013 /CNW/ - Data & Audio-Visual Enterprises Holdings Inc. and its affiliates (collectively, Mobilicity) today announced that TELUS has exercised its option to terminate the TELUS Acquisition Plan.
Mobilicity also announced that it will now pursue its previously announced recapitalization plan, which will be voted on by debtholders at a meeting on June 25, 2013.
The company will continue to provide updates as warranted. Mobilicity continues to deliver an affordable wireless experience to its customers. For more information, please visit Mobilicity's website at www.mobilicity.ca/investorrelations.