Verizon Wireless Reportedly Looking To Enter Canada

One of the largest U.S. carriers, Verizon Wireless, is reportedly interested to make its way in to Canada. Apparently it is willing to purchase a small Canadian carrier after which it will compete to buy wireless spectrum that Canada will be auctioning off later this year, this according to The Globe and Mail, who cite people with “knowledge of the matter.”

Another U.S. based carrier, AT&T, is also reportedly interesting in expanding to Canada. Though for now, only Verizon is said to be most likely to go ahead with such plans. Verizon is said to be in talks with Wind Mobile, a small Canadian carrier, for its acquisition. Canada previously had some pretty tight regulations for wireless companies, it has limited foreign involvement in the past, but since last year some of those restrictions have been lifted. It wouldn’t exactly be Verizon’s first foray in the Canadian market, the carrier was a big shareholder of Canada’s Telus Corp. until 2004. If Verizon’s purported plans do end up taking shape, it may very well become the fourth largest carrier in the neighboring country.

Adnan Farooqui
Categories: Cellphones
Tags: canada, verizon wireless