Verizon Communications Inc. made an offer to buy Wind Mobile as a means of reentering the Canadian market to boost its growth prospects.
Breaking News
Orascom, the subsidiary of Vimpelcom, had withdrawn its bid to gain majority interest in Wind Mobile.
Verizon Communications, among other telecoms firms, may seek to participate in the Canadian wireless market.
Canadian Industry Minister, Christian Paradis squashes Telus Corp's application for a takeover deal with Mobilicity following the Canadian ban for spectrum licenses acquisition from smaller rival companies.
ExxonMobil purchases Celtic Exploration
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