Cable / Telecom News

Verizon has no interest in Canada (and never really had much), says CEO

NEW YORK - Verizon CEO Lowell McAdam told Bloomberg News on Monday that his company will not be entering the Canadian wireless marketplace after all and that it wasn’t all that interested in the first place. He told the news organization in no uncertain terms the company is not interested in investing here and all the speculation that it might enter the Canadian market was “way overblown”. He told Bloomberg that Canada held some limited appeal for the company, but now that it announced it will pay British telco Vodafone $130 billion for that company’s 45% stake in Verizon Wireless,...