Verizon has been in the news a lot of late, in particular yesterday when the news broke of the US company buying Vodafone’s share in its wireless network, making Verizon communication the largest carrier in the US. Because of this move, it was predicted there may be more moves to come, in particular with regards to expanding its territory in Canada to take as much market share as they can from their close neighbors. However, it seems this movie had more of the opposite effect, making Verizon stay put with what they have already.
Today, however, we have learned that Verizon won’t be partaking in that idea at all. “Verizon is not going to Canada.”Verizon CEO Lowell McAdam said today to reporters face to face in an interview.
This news is somewhat contradictory to reports which do in fact suggest Verizon did offer a buyout of Canadian based company, Wind mobile for around 700 million dollars. This also sparked other major Canadian carriers to make some moves, including the Canadian government, which leaves little doubt of its authenticity.