A PYMNTS Company

Canada/US: Wireless startup confirms Verizon’s possible entry into Canada

By  |  July 10, 2013

Wireless startup company Mobilicity confirmed to reporters this week that it has been in talks with major carriers, including US-based Verizon Communications, about a possible buyout deal. An unnamed source told media that Verizon was looking to enter the Canadian market, a rumor Mobilicity – legally known as Data & Audio-Visual Enterprises Holdings Inc – has now confirmed, though nothing has been finalized. Further, reports say the startup has temporarily halted recapitalization plans in light of the discussions about a possible acquisition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.