Verizon rejects claims of expanding its network to Canada

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Since recently, there have been murmurs of Verizon expanding its network into Canadian territory. But it seems like those were only rumors as the Verizon Wireless CEO Lowell McAdam has categorically stated that it will not head into Canada, thereby laying all the rumors and reports to rest. He also said that the reports were overblown by media.

Verizon’s decision has nothing to do with the recent Vodafone deal apparently. The CEO mentioned in the company statement – “It has nothing to do with the Vodafone deal, it has to do with our view of what kind of value we could get for shareholders. If we thought it had great value creation we would do it“.

Canada has a 700 MHz spectrum auction coming up in January which currently has Rogers, Telus and BCE as bidders. Verizon’s inclusion might have been very unfair on the bidders as it would be allowed to bid on two of the four available blocks, while local carriers can only bid on one. These are mere hypotheticals now and Canadian carriers can breathe a sigh of relief.

Source: Bloomberg

Via: Android Community

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