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Verizon Communications Inc Bids For Canada's Wind, Talks With Mobilicity-Reuters

Wednesday, 26 Jun 2013 08:54am EDT 

Reuters reported that Verizon Communications Inc has offered to buy Canadian telecommunications startup Wind Mobile and is also in talks with rival startup Mobilicity over a potential deal, according to sources familiar with the situation. Verizon came forward with a tentative offer for Wind last week with an offer of $600 million to $800 million, with more specific pricing pending due diligence, said one source familiar with the situation. Verizon has also approached rival Canadian startup Mobilicity and may be interested in acquiring the struggling wireless player, said another source familiar with the matter. 

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