No sooner than I had posted my last story does this news break. Here’s what The Globe And Mail is reporting:
Verizon Communications Inc. has no interest in expanding to Canada, says the company’s CEO Lowell McAdam, ending months of speculation that the U.S. telecom giant was poised to shake up Canada’s wireless market.
“Verizon is not going to Canada,” Mr. McAdam said in a telephone interview with Bloomberg.
You can bet that Rogers, Bell and Telus execs are popping open the bubbly to celebrate. And you can bet that consumers will lament that they will not get any relief from outrageous cell phone bills. The status quo has been restored and the Canada is the big loser. Unless some other foreign cell phone company decides to enter the spectrum auction. We’ll find out on the 17th of this month if that’s the case.
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This entry was posted on September 2, 2013 at 5:52 pm and is filed under Commentary with tags Canada, verizon, wireless. You can follow any responses to this entry through the RSS 2.0 feed.
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BREAKING: Verizon Not Coming To Canada Says CEO
No sooner than I had posted my last story does this news break. Here’s what The Globe And Mail is reporting:
Verizon Communications Inc. has no interest in expanding to Canada, says the company’s CEO Lowell McAdam, ending months of speculation that the U.S. telecom giant was poised to shake up Canada’s wireless market.
“Verizon is not going to Canada,” Mr. McAdam said in a telephone interview with Bloomberg.
You can bet that Rogers, Bell and Telus execs are popping open the bubbly to celebrate. And you can bet that consumers will lament that they will not get any relief from outrageous cell phone bills. The status quo has been restored and the Canada is the big loser. Unless some other foreign cell phone company decides to enter the spectrum auction. We’ll find out on the 17th of this month if that’s the case.
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This entry was posted on September 2, 2013 at 5:52 pm and is filed under Commentary with tags Canada, verizon, wireless. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.