UPDATED: Feds approve Quebecor's purchase of Freedom Mobile, paves way to Rogers' takeover of Shaw
At a press conference, Champagne said he would act like a “hawk” to ensure the companies abide by the agreement. He also said he expected Freedom’s sale to Vidéotron to bring wireless prices down “significantly” within a reasonable amount of time.
“We believe investors need to pay attention to the level of concessions that both Rogers and Quebecor have agreed to undertake,” Yaghi wrote Friday morning. The sight of Shaw being absorbed by one of the Big Three telecommunications companies renewed concerns about competition in the market for cellular services. The government insisted on conditions and the Competition Bureau mounted a vigorous — but ultimately unsuccessful — attempt to block the takeover in court.Article content
The Globe reported that Champagne’s approval of the Freedom sale would come with conditions, but didn’t say what they would be.
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