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RumorTT: Verizon to acquire Canadian provider Wind Mobile for $800 million

RumorTT: Verizon to acquire Canadian wireless provider for $800 million

| Business, Financial & Legal News | Posted: Jun 27, 2013 2:30 am

Verizon is wanting to extend their control of the wireless market, with the new rumor circling around that they will acquire Canadian wireless provider Wind Mobile.

 

TweakTown image news/3/1/31384_01_rumortt_verizon_to_acquire_canadian_provider_wind_mobile_for_800_million.jpg

 

Verizon have reportedly offered Wind Mobile a tentative offer of between $600 million and $800 million with the final price being decided once the company completes its due diligence. Verizon aren't stopping there, where they might be whipping out their credit card to acquire rival wireless startup Moilicity.

 

The Canadian government previously flexed their muscle, denying Teleus's bid to license Mobilicity spectrum. Government officials should okay this deal though, as it will increase competition in the Canadian wireless market.

NEWS SOURCE
Bgr.com

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