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After months of fevered speculation that Verizon Communications Inc. could come north and much debate over whether the government rigged the rules on the wireless industry to entice the foreign player, the U.S. giant is definitively not coming to Canada.

Within hours of inking a $130-billion deal to buy out the remaining interest in its joint venture with Vodafone Group Plc, Verizon’s chief executive said Monday the New York-based carrier has no plans to enter the Canadian market.

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In an interview with Bloomberg News, Lowell McAdam said the company had only “limited interest” in Canada even before the massive deal with Vodafone to buy its 45% stake in Verizon Wireless, the U.S. cellular business.

“Verizon is not going to Canada,” Mr. McAdam said in the interview, adding that speculation about the largest U.S. wireless company’s interest was “way overblown.”

During a conference call with financial analysts Tuesday morning the Verizon CEO said the “press made a lot more of our interest in Canada than there was on the fourth floor of Basking Ridge,” a reference to Verizon Wireless’s headquarters in New Jersey.