Rogers Communications Inc.,Shaw Communications Inc. andCompetition Bureauagree to participate In the mediation process regarding the $ 26 billion merger of the two companies next month.
According to the Competition Court, the initial scheduled mediation period is July 4th and 5th. The hearing before the court was previously scheduled to begin this fall.
Mediation announcement: Rogers sells Shaw-owned Freedom Mobile to Montreal-based Quebecor Inc. for $ 2.85 billion to ease competition It will be held only one week after the announcement. Bureau's concerns about the combination of Rogers and Shaw.
Competitive Watchdogs It argues that it will block transactions, ultimately reducing options in the telecommunications market and increasing consumer billing.
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Rogers, Shaw and Quebecor claim that the Freedom deal will keep Canada's fourth "strong and sustainable" wireless operator. The
Rogers-Shaw transaction has already been approved by shareholders and the Canadian Radio and Television Communications Commission, but has been subject to review by the Competition Bureau and the Minister of Innovation, Science and Economy. increase. development.
This report by Canadian Press was first published on June 24, 2022.
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