Verizon makes an offer to buy Canada’s WIND Mobile

The final price would depend on due diligence that needs to be done while the offer is reviewed and Verizon would take a look at the books. It has also been reported that Verizon may also be looking to acquire WIND’s competitor Mobilicity.
WIND (and the other smaller carriers) have been struggling to compete. Canada as a market is guarded with some amount of overzealous pride which up until recently did not allow significant amounts of foreign investment. Rules have been recently relaxed however, but that has not quelled concerns about what could happen to the market if big players like Verizon or AT&T entered the picture.
Hopefully, Verizon will have things clarified by the September 17th deadline to be involved in the upcoming spectrum auction in 2014. WIND Mobile’s current spectrum lies in the 1700MHz range which is also in the same range as the AWS spectrum that Verizon acquired from Comcast, Time Warner and Bright House earlier this year.
source: Reuters