Report: Verizon Looking to Buy Canada's Wind Mobile

Canada's Wind Mobile is for sale, and rumor has it Verizon is thinking of going shopping. News outlet Reuters cites one source that says Verizon Wireless has offered Wind Mobile a deal worth between $600 million and $800 million. Not only that, but Verizon is apparently also talking to a second carrier in Canada, the struggling Mobilicity.

Mobilicity recently agreed to an acquisition by Telus Mobile but that deal was blocked by the Canadian government. Wind Mobile has also expressed interest in consolidating the companies, along with a possible third party, Public Mobile. The idea is that if all three smaller networks were to merge, they'd have a better chance of competing with Canada's big three (Rogers, Bell and Telus).

Wind, Verizon and Mobilicity all refused to comment on the report, though Reuters reports that Verizon recently vocalized an interest in entering the Canadian market.

Wind Mobile launched just three and a half years ago, in December 2009, and uses the AWS spectrum for its network. It is tied for fourth largest Canadian carrier with SaskTel Mobility. The carrier offers service to residents living in Greater Toronto and Hamilton Area, Ottawa, Kitchener, Waterloo, Cambridge, Guelph, part of the Niagara Region, London, Barrie, Kingston, Windsor, Woodstock and Peterborough (all in Ontario). There's also coverage in Gatineau (QB); Calgary and Edmonton (AB); the Greater Vancouver region, Whistler and Abbotsford (BC).

Create a new thread in the US News comments forum about this subject
This thread is closed for comments
11 comments
    Your comment
  • Grandmastersexsay
    How the hell does the Canadian government block the acquisition of a company? Is it Nazi Germany up there?
    0
  • wildkitten
    Anonymous said:
    How the hell does the Canadian government block the acquisition of a company? Is it Nazi Germany up there?


    The US government blocked AT&T from buying T-Mobile, so it's really not any difference.

    I can understand the desire to not have monopolies, but if there is already 3 cell carriers doing well, not sure why they would not allow it.

    But I do get your point, government intrusion is getting ridiculous in this day and age. Can you imagine if the government acted a hundred years ago the way they do today? The Wright brothers would have been forced to have gotten dozens of permits, pay heavy taxes, just to try to experiment with the airplane.
    0
  • Marco925
    Anonymous said:
    How the hell does the Canadian government block the acquisition of a company? Is it Nazi Germany up there?


    Anonymous said:
    Anonymous said:
    How the hell does the Canadian government block the acquisition of a company? Is it Nazi Germany up there?


    The US government blocked AT&T from buying T-Mobile, so it's really not any difference.

    I can understand the desire to not have monopolies, but if there is already 3 cell carriers doing well, not sure why they would not allow it.

    But I do get your point, government intrusion is getting ridiculous in this day and age. Can you imagine if the government acted a hundred years ago the way they do today? The Wright brothers would have been forced to have gotten dozens of permits, pay heavy taxes, just to try to experiment with the airplane.


    The idea is NOT to have our old market back. The big three have consolidated and kepr prices high. It's tough when you have the highest telecom prices out there in the developed world. The Big three have gone out of their way to charge for everything, and have worked very hard to try to force the little three out. Either by buying out the better-priced competition or using fighter brands. 3 years ago, unlimited long distance would've been a pipe dream. When the market is mandated to be "canadian" and the restrictions favour this oligopoly, it gets to be a tight squeeze on the wallet of the consumer. Especially when the big three cry poor if something doesn't go their way, yet have all the money in the world to buy out random shit that has nothing to do with anything else they do. The little three are doing away with their questionable business practises. This block was done to maintain market freedom.
    0