Verizon (VZ) Bids for Wind Mobile; Entry in Canada Viewed as 'Game Changing'
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Price: $40.13 +0.88%
Rating Summary:
18 Buy, 30 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
18 Buy, 30 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Verizon (NYSE: VZ) made a $700 million offer for Canada's Wind Mobile, according to reports in Globe & Mail, citing sources. Verizon also held talks with Mobilecity stakeholders in recent days.
The news sent shares of a number of Canada telecom stocks lower, including Telus (NYSE: TU) and Rogers Communications (NYSE: RCI) . Verizon's entry into Canada is view by many, including analysts at RBC, as a "game changer."
The news sent shares of a number of Canada telecom stocks lower, including Telus (NYSE: TU) and Rogers Communications (NYSE: RCI) . Verizon's entry into Canada is view by many, including analysts at RBC, as a "game changer."
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