Verizon Communications Inc.'s CEO on Tuesday denied it is interested in purchasing AOL Inc., despite a report suggesting it was exploring this option. Several news agencies reported Lowell McAdam denied such speculation during a presentation at the Citi Media Conference in Las Vegas. CNet reported that McAdam said a partnership with AOL is possible, but not an acquisition. "We will be more of a partner with media companies rather than doing an acquisition," he said, according to CNet. "AOL, along with lots of other media companies, are potential partners for us. But to say...
Industry Canada’s long-awaited auction for the coveted 700 MHz wireless spectrum got underway Jan. 14, but the most interesting story may have played out over the summer in a high-stakes public relations and lobbying fight whose outcome and consequences are still being dissected. Although Wind Mobile’s late withdrawal from the spectrum auction last week provided some last-minute drama, the most significant event occurred months earlier when U.S. telecommunications giant Verizon Communications Inc.’s chief executive Lowell McAdam announced in September that it would not enter the Canadian market, and that its possible entry had been “way overblown.” This claim...