Canada's commissioner of competition intends to oppose Rogers Communications Inc.'s proposed $26-billion merger with Shaw Communications Inc., the companies ...
The takeover would create Canada's second-largest cellular and cable operator. The companies said they remain committed to the planned merger and that it would be "in the best interests of Canada and Canadians because of the significant long-term benefits" for consumers, businesses and the economy. They said they will oppose the application while "continuing to engage constructively with the Competition Bureau in an effort to bring this matter to a resolution."
In a joint statement on Saturday, Rogers and Shaw said they were notified of the commissioner's intention to prevent the multibillion-dollar proposed ...
Rogers and Shaw have expressed confidence that the rest of the deal will be approved. Ottawa pledged to block the full transfer of Shaw’s wireless licences to Rogers, and the House of Commons industry and technology committee said earlier this year that Rogers’ bid for Shaw should not go ahead. Toronto-based Rogers announced last year its plan to buy Calgary-based Shaw in a deal valued at $26 billion, including debt.
TORONTO — The proposed $26-billion merger between two of Canada's telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has ...
Friday's joint statement saw Rogers and Shaw reiterate their commitment to selling Freedom "with a view to addressing concerns raised by the Commissioner of Competition." The Canadian Radio-Television and Telecommunications Commission signed off earlier this year, and the companies are actively trying to sell Shaw's wireless business Freedom Mobile which is expected to be a condition of approval from Innovation, Science and Economic Development Canada. The Competition Bureau did not immediately respond to request for comment on the decision to fight the prospective merger, and neither Rogers nor Shaw offered details on the contents of the Friday notice.
Rogers Communications Inc. said Canada's antitrust agency is opposed to its C$20 billion ($16 billion) takeover of rival Shaw Communications Inc., ...
Canada's Commissioner of Competition is reportedly planning to oppose the $26-billion takeover of Shaw by Rogers at the Competition Tribunal.
This includes Globalive Capital’s Anthony Lacavera, who offered Rogers $3.75-billion for Freedom. Lacavera is also said to have called the sales process a “non-competitive sham.” The application seeks to block the proposed merger of Rogers and Shaw, homogenizing two of Canada’s largest cable networking companies. “The companies have offered to address concerns regarding the possible impact of the transaction on Canada’s competitive wireless market by proposing the full divesture of Shaw’s wireless business, Freedom Mobile.”
The proposed $26-billion merger between two of Canada's telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated ...
The Canadian Radio-Television and Telecommunications Commission signed off earlier this year, and the companies are actively trying to sell Shaw's wireless business Freedom Mobile which is expected to be a condition of approval from Innovation, Science and Economic Development Canada. The proposed $26-billion merger between two of Canada's telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated it intends to block the deal. A woman holds two cellphones in this photo illustration in Chelsea, Que., Monday March 29, 2021.
Federal competition authorities have thrown a wrench in the proposed $26-billion merger of Rogers Communications Inc. and its Calgary-based rival Shaw ...
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(Bloomberg) — Rogers Communications Inc. said Canada's antitrust agency is opposed to its $16 billion takeover of rival Shaw Communications Inc., casting…
They will also continue to seek approval from the Ministry of Innovation, Science and Economic Development. It’s a significant competitor in Quebec and has 1.6 million wireless subscribers, compared with 2.2 million for Shaw. The bureau got “burned” when it allowed BCE Inc. to acquire Manitoba Telecom Services Inc. in 2017, he said in an interview. Amy Butcher, a spokesperson for the bureau, declined to comment on the case. The wireless business is the key sticking point for regulators: Shaw’s Freedom Mobile unit is the fourth-largest wireless provider, with a presence in several major markets including Toronto and Vancouver. The companies extended the deadline for the merger to July 31, from June 13, and said they remain committed to it.
The proposed $26-billion merger between two of Canada's telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated ...
The Canadian Radio-Television and Telecommunications Commission signed off earlier this year, and the companies are actively trying to sell Shaw's wireless business Freedom Mobile which is expected to be a condition of approval from Innovation, Science and Economic Development Canada. The proposed merger, they argue, will offer significant economic and consumer benefits and contend the deal is in the best interest of Canada and its residents. The Competition Bureau did not immediately respond to request for comment on the decision to fight the prospective merger, and neither Rogers nor Shaw offered details on the contents of the Friday notice.