Verizon, others make overtures to Wind Mobile - report

Tuesday 18 June 2013 | 09:15 CET | News
Verizon Communications has expressed interest in buying Canadian operator Wind Mobile from Vimpelcom, people familiar with the situation told Bloomberg. Several suitors have approached Wind, including fellow Canadian firms. Wind, Mobilicity and Public Mobile acquired spectrum in 2008 but have struggled to gain market share against established operators. Keen to stimulate competition, Canada relaxed foreign ownership rules last year and has now blocked incumbent Telus's attempt to buy Mobilicity for CAD 380 million. Public Mobile is being taken over for an undisclosed price by Thomvest Seed

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Categories: Mobile & Wireless
Companies: Mobilicity / Public Mobile / Telus / Verizon Communications / Wind Mobile
Countries: Canada
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