Verizon has no plans to enter Canadian market, says CEO

“Verizon is not going to Canada.” The words come from CEO Lowell McAdam, who dismissed speculation about the company’s potential incursion into the country as “way overblown” in a phone interview with Bloomberg. It looks like the company’s $ 130 billion buy-out of Vodafone’s share of Verizon Wireless has sapped some of its apetite for expansion.

Earlier this summer, rumors that Verizon was planning to move north of the border set off a public relations offensive from Canada’s so-called Big Three carriers, who made their case in an open letter and nationwide TV ad campaign. Verizon’s potential entry into the market could have put some much-needed pressure on Bell, Rogers, and Telus in a country where a typical 1GB data plan…

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