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A man speaks on his Nokia cellphone outside Helsinki railway station in this file photo.
A man speaks on his Nokia cellphone outside Helsinki railway station in this file photo.
(Jarno Mela/AP)

Mobilicity fails to find buyer as debt clock ticks

Wireless upstart Mobilicity is scouring the globe to find a buyer.

Its financial advisers have contacted “more than 30” potential purchasers including incumbents, new entrants, international telecoms and U.S. private-equity firms, according to new court documents filed as part of the company’s restructuring.