Rogers introduced final week that it could promote Shaw-owned Freedom Cellular to Montreal-based Quebecor for $2.85 billion
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OTTAWA — Rogers Communications Inc., Shaw Communications Inc. and the Competitors Bureau have agreed to take part in a mediation course of subsequent month concerning the businesses’ $26-billion merger.
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The primary scheduled mediation interval is July 4 and 5, in line with the Competitors Tribunal. Public hearings earlier than the tribunal have been beforehand scheduled to start this fall.
The mediation announcement comes only one week after Rogers introduced it could promote Shaw-owned Freedom Cellular to Montreal-based Quebecor Inc. for $2.85 billion in an try and ease the Competitors Bureau’s issues concerning the mixture of Rogers and Shaw.
The competitors watchdog has been making an attempt to dam the deal, arguing that it could finally end in much less alternative within the telecom market and result in greater payments for customers.
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Rogers, Shaw make deal to promote Freedom Cellular to Quebecor for $2.85B in hopes of getting merger approval
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Competitors Bureau doubles down on objections to Rogers deal for Shaw
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Quebecor seen as massive winner in Freedom Cellular deal as shares of all events achieve
Rogers, Shaw and Quebecor argue the Freedom deal would preserve alive a “sturdy and sustainable” fourth wi-fi service in Canada.
The Rogers-Shaw transaction already has approval from shareholders and the Canadian Radio-television and Telecommunications Fee, however stays topic to assessment by the Competitors Bureau and the Minister of Innovation, Science and Financial Growth.
