Verizon Denies Rumors Of Counterbid For Leap Wireless

During its quarterly conference call with analysts, Verizon Communications Inc. (NYSE:VZ)’s CFO confirmed the company is not interested in bidding for Leap Wireless International, Inc. (NASDAQ:LEAP). Verizon Communications Inc. (NYSE:VZ) chief financial officer Fran Shammo denied rumors that Verizon is interested in bidding for the prepaid U.S. mobile operator Leap Wireless International, Inc. (NASDAQ:LEAP). The CFO, however, gave sufficient indication of possible acquisition of wireless assets in Canada. He feels from a technical and territorial standpoint, a neighboring operator in Canada would gel well with Verizon Communications Inc. (NYSE:VZ)’s existing network. Incidentally, Canada is planning to auction more in the wireless…