Telus-Microcell
So what does Darren Entwistle do today about Microcell, which refuses to play nice with Telus' hostile $1.1 billion takeover offer. A likely scenario is Telus maintains its $29 a share bid, thereby forcing Microcell's hand. Microcell would then have to search for a white knight or begrudgingly accept Telus' entreaties. The wildcard could be Craig McCaw, who is launching a national fixed wireless network in the U.S. McCaw also has a stake in a fixed wireless initiative in Canada through Microcell's participation in a joint venture with Allstream and N2 Communications. It could be that McCaw will do a deal with Microcell or talk to Telus about splitting off the fixed wireless entity. Despite Microcell's claims it has been talking with other bidders, the reality is CEO Andre Tremblay appears to have come up short in his efforts to keep the company independent.
