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Canada: Verizon treks into Canadian territory with Wind

By  |  June 27, 2013
Canada: Verizon treks into Canadian territory with Wind

As expected, Verizon has offered its initial bit to acquire Canadian wireless company Wind in efforts to expand its market northward. The offer, made for nearly $700 million, may earn regulatory approval as the nation encourages foreign investment and aims to maintain at least four major players in Canada’s wireless market. Wind is not Verizon’s only strategy, however, as reports say the largest mobile operator in the US has also launched into talks with independent company Mobilicity in Canada as well. Both Wind and Mobilicity entered the scene after the Competition Bureau created new mobile telecom policies that reserved spectrum for new companies, though the sector is largely dominated by Bell Canada, Telus and Rogers. Further, the new entrants have thus fair failed to be profitable, say reports.

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