Financially struggling Mobilicity says it's not going to transfer its cellphone customers to rival carrier Wind Mobile.

Mobilicity's chief restructuring officer Bill Aziz said Wednesday that the published report about a subscriber deal with Wind Mobile isn't true.

The National Post cited unidentified industry sources as saying that Mobilicity expects to shut down its money-losing operations by the end of September.

The Post reported that Toronto-based Wind Mobile would assume Mobilicity's 200,000 customers for little-to-no financial compensation.

Wind Mobile chairman and CEO Anthony Lacavera says he still interested in buying Mobilicity but wouldn't comment on any deal to acquire the carrier's subscribers.

Both Mobilicity and Wind Mobile bought spectrum — the radio waves over which cellphone signals are transmitted — in 2008 in an auction designed to bring new players to a wireless market dominated by Rogers, Telus and Bell.