Verizon Communications (NYSE:VZ): Current price $50.60
A number of analysts have warned that Verizon’s potential entry into Canada might “disrupt the Canadian wireless market,” causing shares of Canada’s largest phone companies to slide on Wednesday. Verizon is moving forward with its strategy to expand into Canada’s $19-billion wireless market, as it made an initial offer for Wind Mobile and began discussions with Mobilicity. The communications giant’s opening bid for the small Canadian wireless carrier Wind Mobile, values it at roughly $700-million, said two inside sources.
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