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.
Industry Minister Francois-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.
“Today, I officially denied that request,” he said Tuesday evening. “My decision formally closes that chapter of the original proposed transaction.” Champagne did not make clear whether a successful sale of Freedom Mobile would mean the Rogers-Shaw deal might still be approved. He said his conditions for Freedom's licence transfer were clear.As well as Champagne's approval, the Rogers-Shaw deal required a green light from the Competition Commissioner and the CRTC.
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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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