Verizon shelves Wind and Mobilicity acquisitions, ponders Canada's 700MHz auction

Verizon's insatiable appetite for spectrum is legendary. The company's most recently been eyeing Canada's valuable 700MHz airwaves and even shown interest in acquiring troubled carriers Wind Mobile and Mobilicity. (Especially after the CRTC rejected Telus's attempt to purchase the latter.) The Globe and Mail now reports that VZW's chosen to delay its potential acquisitions of the two carriers until after next year's 700MHz auction and that the US company is considering a bid for the spectrum directly. It's unclear if Verizon is attempting to buy time, trying to push the price of the struggling operators down or simply losing interest in the Canadian market. One thing's for sure -- if the company bids in the auction it won't be able to negotiate any deals with other applicants until next year.

[Image credit: Andrew Currie, Flickr]

Filed under: Wireless, Mobile, Verizon

Comments

Via: Reuters

Source: The Globe and Mail