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Verizon Communications Inc. seen delaying plans for Canadian entry

I think Verizon’s cautious move into the Canadian market is probably a good idea – but the spectrum and then build out.

Financial Post | Business

After a series of positive signals from the Canadian government, Verizon Communications Inc. could be delaying its plans to acquire one or more startup carriers and instead focus on taking part in an upcoming auction for wireless spectrum.

[np_storybar title=”Is Verizon delaying Canadian entry? What the analysts say” link=”http://business.financialpost.com/2013/08/15/is-verizon-delaying-canadian-entry-what-the-analysts-say/”]Shares in Canada’s big three telecom companies are higher Thursday after reports that Verizon Communciations Inc. could be delaying its plans to acquire one or more startup carriers to focus instead on taking part in an upcoming auction for wireless spectrum. Analysts on both sides of the border are busy weighing in on the matter.

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The New York-based carrier postponed a board meeting originally slated for the week of Aug. 5, according to three sources.

Since the end of July, Industry Minister James Moore has issued two statements and Prime Minister Stephen Harper himself has made public comments indicating…

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About Greg Markey

Greg is a social media and digital marketing consultant who loves writing about business, technology, innovation and startups. He holds a degree in political science and history from St. Francis Xavier University, as well as a diploma in Journalism from Algonquin College. He lives in Edmonton with his wife and three kids..

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