Verizon Wireless is doing well. #2 in the U.S. marketplace with 100.1M subscribers (as of 2Q 2013), with monthly churn of 1.2%, the lowest in the US industry. The move from CDMA to LTE is going well. Verizon has the largest LTE coverage in the US with more towers, more coverage and faster speeds than any other carrier.
YOY growth has been good - when compared to principal competitors - with service revenues growing at over 7% in the past year, and expected growth next year of similar magnitude. Future growth prospects, however, are the only clouds on the horizon. New energy at Sprint and TMobile may well cut into organic growth prospects over the next ten quarters and growth from new consumer technologies (like dramatic increases in data consumption) may well be tempered by innovations like our Verizon data sharing plans and new usage buckets.
Verizon needs to look at expansion to continue to grow its business – an obvious place
to look is northward, to Canada. Why Canada? Why now?