Published on 07-29-2013 12:12 AM
For several decades, Canada?s mobile phone service industry has been divided into three companies: Bell, Rogers, and Telus. However, Verizon, which is the number one wireless carrier in the United States, is looking into expanding into Canada. The news could potentially leave Canadian mobile communication companies in a bad spot causing them to band together to keep Verizon out of the country.
In an effort to keep Verizon out, they want Canada to look less appealing for the wireless mobile carrier. The three companies have banded together and started a public ad campaign to get Canada?s anti-consolidation laws abolished. As it stands, none of the major Canadian companies can purchase smaller companies to expand their power. However, the same rules don?t apply to foreign companies. Since the three major companies in Canada can?t buy up all the smaller companies, Verizon can come in and buy them all to create a fourth major mobile communication entity. Abolishing the laws would allow the other companies to bid on the smaller companies too, thus raising the pricing and making the move a lot less affordable.
The three mobile phone companies also want Canada to allow bids on a broader spectrum range like the one allowed in the U.S., which would increase service options. Whether or not the government agrees to these changes will be a long debate but if Verizon manages to act fast, it may be able to take over before any changes are made. We?ll have to wait and see if Verizon is able to expand into Canada or if the three Canadian companies can get the changes made fast enough.
Source: The Verge
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