On Indiegogo: $400 Million Crowdfunding Campaign To Buy Wireless Provider Mobilicity

A Toronto resident has a crowdfunding campaign on Indiegogo. The goal? To buy Mobilicity, a no-contract Canadian wireless carrier. The ask? $400,000,000 Canadian.

MobileSyrup.com explains the state of the young, embattled wireless carrier…

Mobilicity, one of Canada’s newest carriers, has been on the block for months trying to find a buyer. TELUS stepped up with a bid for a cool $380 million, but the Industry Minister quickly stopped that deal. There’s also rumours that big US-based wireless carrier Verizon is interested in scooping up Mobilicity’s spectrum, its 150 employees and 250,000 subscribers, but again, nothing solid has come forward.

The campaign creator, Valya Michael, has turned to Indiegogo seeking just short of half a billion in funding in order to buy the company.

There are three reward tiers offering either a tweet of the donor’s name or the listing of the donor’s name on their web site. It’s a flexible funding campaign but the campaign includes a promise: the funds will be returned if the campaign doesn’t meet it’s goal. (Isn’t that what fixed funding is for? Anyway…) There are also typos, a distinct lack of images and the featured video was posted to YouTube over a year ago and makes no mention of the campaign itself.

The campaign has raised $213 CAD to date and has $399,999,787 to go.


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