Industry Minister Francois-Philippe Champagne says he will not approve the proposed deal between Rogers Communications Inc. and Shaw Communications Inc., though he left the door open to a revised deal.
Quebecor Inc. CEO Pierre Karl Peladeau says he intends to accept the conditions laid out by Industry Minister Francois-Philippe Champagne around the sale of wireless carrier Freedom Mobile to Videotron Ltd., which is part of the proposed $26-billion deal between Rogers Communications Inc. and Shaw Communications Inc.
"We will work to deliver better prices for Canadians in the other provinces and to end the reign of the 'Big 3' by promoting competition, the public interest and the digital economy in Canada." Champagne said earlier Tuesday evening he would not approve the proposed merger between Rogers and Shaw, but left the door open to a revised agreement saying that before approving Videotron's purchase of Freedom, he would need two specific concessions.
Champagne said his conditions for Freedom's licence transfer were clear, but did not make clear whether a successful sale of Freedom Mobile would mean the Rogers-Shaw deal might still be approved.Champagne's approval is required for any spectrum licence transfer.
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Minister rejects Rogers-Shaw deal, sets conditions for Freedom Mobile saleIndustry Minister François-Philippe Champagne says he will not approve the proposed deal between Rogers Communications Inc. and Shaw Communications Inc., though he left the door open to a revised agreement.
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Minister rejects Rogers-Shaw deal, sets conditions for Freedom Mobile saleIndustry Minister Francois-Philippe Champagne says he will not approve the proposed deal between Rogers Communications Inc. and Shaw Communications Inc., though he left the door open to a revised deal.
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Minister rejects Rogers-Shaw deal, sets conditions for Freedom Mobile sale – Terrace StandardIndustry Minister François-Philippe Champagne said he will not approve the proposed deal between Rogers Communications Inc. and Shaw Communications Inc., though he left the door open to a revised agreement.
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Industry minister rejects original Rogers-Shaw deal, leaves door openOTTAWA — Industry Minister Francois\u002DPhilippe Champagne says he will not approve the proposed deal between Rogers Communications Inc. and Shaw Communications…
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Rogers deal for Shaw gets new hurdle as Canada adds conditions - BNN BloombergBREAKING: The Canadian government has set out new conditions for Rogers Communications Inc.’s proposed takeover of rival Shaw Communications Inc., saying that a side deal to settle antitrust problems must guarantee better wireless prices for consumers.
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Quebecor CEO agrees to industry minister's conditions around sale of Freedom MobileMONTREAL — Quebecor Inc. CEO Pierre Karl Péladeau says he intends to accept the conditions laid out by Industry Minister François-Philippe Champagne around the sale of wireless carrier Freedom Mobile to Videotron Ltd.
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