Rogers Shaw Freedom Mobile

The Competition Bureau has strengthened its opposition to Rogers Communications Inc.'s proposed $26 billion takeover of Shaw Communications in new ...

In the long term, Shaw and Rogers want to provide Quebecor with data and roaming services. "This is a pivotal moment for the Canadian wireless market. The town of Indian Head has shown its commitment to be a part of reconciliation by raising the Treaty Four and Metis Nation flags in front of its town office. Hydro Ottawa said a loss of supply from the provincial grid was to blame for a power outage in Ottawa's west end on Saturday afternoon. Calgary police have arrested a man in connection to the death of a woman found lifeless inside a Castleridge home on Thursday. A group of cyclists are calling on the city to amend a proposed intersection redesign south of the river valley. A woman has died after she was found with severe burns in a residence in Scarborough on Friday, and a man has been arrested in connection with the incident. Calgary crews are in the process of removing a temporary berm built on Memorial Drive with the hope of opening the entire area to regular traffic by Monday. In Ottawa, the average wait time to see a doctor for a first assessment in the emergency room was between 1.8 hours and 3.4 hours in April. A critically ill child known as 'Tiny Tim' successfully made the journey to Canada with his parents, landing in Toronto Friday night after a year of effort to bring the family to Canada. As the summer approaches and COVID-19 health measures continue to loosen, experts say the rise of subvariants of Omicron could lead to a spike in cases in Canada. "Under the terms of the agreement, Quebecor has agreed to purchase Freedom, on a cash basis, on an unleveraged basis, for an enterprise value of $2.85 billion," the release stated.

The Competition Bureau has sought to prevent Shaw's merger with concerns that would significantly prevent or reduce competition for wireless services. Rogers, ...

“. He added that the stated efficiencies are based on “unrealistic assumptions and flawed methodologies.” Said that it would harm consumers through the loss of innovation. “ It’s not an effective remedy. The Competition Bureau has expanded its opposition to Rogers’ proposed acquisition of the show in a new submission to the competition court on Friday. Brad Shaw, CEO and Chairman of Shaw, labeled the deal as “an important milestone in a bold and transformative journey to join with Rogers.”

This is a value-added transaction for all consumers and the Canadian economy. After fifteen years of growth in the Quebec wireless market, we have demonstrated ...

“This is a turning point for the Canadian wireless market,” said Pierre Karl Péladeau, president and chief executive officer of Quebecor, in a statement. This is a value-added transaction for all consumers and the Canadian economy. The sale includes all of Freedom Mobile branded wireless and Internet customers, its infrastructure, spectrum, and retail locations.

Rogers Communications Inc. will sell Freedom Mobile Inc. to Quebecor Inc. for $2.85 billion in a deal it hopes will appease federal regulators opposed to ...

“Rogers is afraid to compete,” Lacavera said. It also argued the proposed sales of Shaw's Freedom is “not an effective remedy” because it won't replace the growing competition Shaw Mobile would deliver in Alberta and British Columbia and would make Freedom “a subsequently weaker competitor” than it would have been. A woman walks past a Freedom Mobile store in Toronto, Thursday, Nov. 24, 2016. Rogers Communications Inc. will sell Freedom Mobile Inc. to Quebecor Inc. for $2.85 billion in a deal it hopes will appease federal regulators opposed to its proposed takeover of Shaw Communications Inc. The Competition Bureau expanded its opposition to Rogers' proposed takeover of Shaw in new submissions made to the Competition Tribunal on Friday. Rogers Communications Inc. says it will sell Freedom Mobile Inc. to Quebecor Inc. for $2.85 billion in a deal it hopes will appease the concerns of federal regulators about its proposed takeover of Shaw Communications. THE CANADIAN PRESS/Nathan Denette

Companies say they hope the agreement will pave the way for Ottawa to approve the larger $26-billion merger deal.

Rogers and Shaw said in their own court filings earlier this month that the bureau failed to account for “significant efficiencies” the transaction would deliver. Rogers and Shaw first announced the deal in March, 2021. In its own response on Friday afternoon before the Quebecor deal was announced, the Competition Bureau said the efficiencies claimed by the companies are “speculative, unproven and unlikely to be achieved in whole or in part or are grossly exaggerated” and not enough to save the merger. But the bureau has said the loss of Shaw’s wireless business would lead to a substantial reduction in competition in the cellular market. He said Quebecor would bring its experience in the Quebec market and its “financial strength” to bear for the benefit of consumers. The companies said in a statement late Friday evening that the agreement to sell Shaw’s wireless business should address concerns about competition in the cellular market raised by Canada’s Competition Bureau as well as the federal government and pave the way for their larger $26-billion merger deal to close.