Verizon eyeing wireless business in Canada: report
(Reuters) - Verizon Communications Inc is looking to enter Canada's cellular telephone business, potentially fulfilling the government's hopes of having a fourth major wireless company, the Globe and Mail reported on Monday.
Verizon could look at taking over a smaller player in Canada, such as Wind Mobile, and participating in a new wireless spectrum auction, the newspaper reported citing two industry sources familiar with the situation. (link.reuters.com/zas88t)
New entrants such as Wind, Mobilicity and Public Mobile have helped to drive down wireless prices in Canada, but have struggled to turn a profit.
The struggles of the new entrants have frustrated the Canadian government's hopes of having a fourth major wireless company in all parts of the country to compete with Telus Corp, BCE Inc's Bell unit and Rogers Communications.
AT&T Corp, Vodafone Group Plc and Telenor ASA could be other possible investors, the newspaper said.
(Reporting By Vijay Vishwas in Bangalore; Editing by Sreejiraj Eluvangal)
- Carnage at U.N. school as Israel pounds Gaza refugee camp |
- EU and U.S. announce new sanctions on Russia over Ukraine |
- U.S. Senate bill proposes sweeping curbs on NSA surveillance
- Obama says strains over Ukraine not leading to new Cold War with Russia
- Putin may have passed point of no-return over Ukraine