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Paper: Verizon delaying Canadian moves

  • Sources tell The Globe and Mail, which appears to have a good handle on Verizon's (VZ) Canadian expansion plans, Verizon has decided to delay making bids for smaller local carriers Wind (65%-owned by VIP) and Moblicity until a January spectrum auction is finished.
  • The paper adds Verizon "will focus on deciding whether to participate" in the auction. The change of heart that suggests the carrier could be having second thoughts about expanding north, or might simply be trying to drive a harder bargain (either with the carriers or regulators).
  • A previous report claimed Verizon had made a ~$700M offer for Wind, and had held talks with Moblicity.
  • BMO has argued a Canadian acquisition would pay for itself just via roaming fee savings. Incumbent Canadian carriers (BCE, RCI, TU) have been less than thrilled about Verizon's plans, and apparent government support for them.
Comments (1)
  • smurf
    , contributor
    Comments (3803) | Send Message
     
    I've read a lot of comments from Canadians complaining about their current service up there and clamoring for Verizon.

     

    Be careful what you wish for, Northern Neighbors! Verizon will set a whole new standard for unsatisfactory.

     

    Was watching RCI, but won't take any action now until after January, when the issue becomes clearer.
    15 Aug 2013, 11:09 AM Reply Like
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