InsightaaS: Michael Geist, leading Canadian expert on communications policy and privacy legislation, has posted his perspective on Verison's $700 million offer for Wind Mobile
From the post:
Reports in the Globe yesterday that U.S. telecom giant Verizon has offered $700 million for Wind Mobile as part of an entry into the Canadian wireless market (which could also include buying Mobilicity and bidding in the upcoming spectrum auction) caused significant reverberations throughout the industry. The news sent the stock price of the Canadian incumbents plummeting and analysts - who only days ago were assuring clients such a move would not happen ("highly unlikely" said Scotiabank's Jeff Fan; "what a joke" a telecom executive told Cartt.ca) - scurrying to assess the potential impact of a Verizon entry. Some have argued Verizon would have little interest in a smaller market like Canada, yet the company has actively promoted the elimination of foreign investment restrictions including in a 2008 submission to the Competition Policy Review Panel that detailed how "it had a long-standing presence in the Canadian telecommunications market"..."
Read the entire post: http://www.michaelgeist.ca/content/view/6894/125/