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Wednesday, Jul 3
Verizon's (VZ) rumored plan to expand into Canada could pay for itself just via roaming fee...
Verizon's (VZ) rumored plan to expand into Canada could pay for itself just via roaming fee savings, thinks BMO's Kevin Manning. Manning estimates Verizon paid $300M-$350M in 2012 roaming fees, a range equal to 1/6 to 1/7 of the $2B he thinks Big Red would have to spend to become a Canadian mobile player. He sees the savings adding $0.06-$0.10 to EPS. Meanwhile, Macquarie thinks both Verizon and AT&T (T) are looking to make acquisitions before interest rates rise (presumably thanks to Ben Bernanke's plan to wind down QE). "Everyone is talking to everyone and nothing is off the table." (Verizon/Vodafone) (AT&T/Europe)