Verizon CEO: No Canadian expansion planned

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Verizon CEO: No Canadian expansion planned

Buoyed By iPhones Sales Verizon Reports Stong Earnings

The Canadian government has been looking for ways to expand mobile coverage from three nationwide carriers -- Rogers, Bell Wireless and Telus -- to four. There were hopes that US carrier Verizon Wireless would purchase a small Canadian regional carrier, then buy spectrum in a government auction that's coming up in two weeks and expand nationwide. Well, Verizon CEO Lowell McAdam threw a bucket of cold maple syrup onto that plate of poutine, noting point-blank that "Verizon is not going to Canada."

That's the result of Verizon spending US$130 billion to buy out Vodafone's share of the company. Without the cash to invest in either Wind Mobile or Mobilicity, two small and struggling Canadian regional wireless carriers, Verizon won't be making any big moves north of the border any time soon.

[via iMore]

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