NEW YORK ( TheStreet) -- Over the past year, I've been bullish two huge Canadian media and telecommunications stocks -- Rogers Communications (RCI - Get Report) and BCE, Inc. (BCE - Get Report). Even with Wednesday's considerable losses, both, particularly RCI, have been strong performers before downtrending this spring.Both names are off on reports Verizon (VZ - Get Report) wants to acquire one of Canada's smaller wireless players to take on Rogers and BCE. Canadian regulators opened the door to foreign ownership several months back; and Verizon appears to set to take advantage of the ruling.
Will Verizon Hip Check Canada's Dominant Telecoms?
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