Minister rejects Rogers-Shaw deal, sets conditions for Freedom Mobile sale
The $26-billion proposed merger would have meant the wholesale transfer of wireless spectrum licences from Shaw to Rogers, which requires Champagne’s approval.
Shaw’s ownership of Freedom Mobile has widely been seen as the main obstacle to the deal’s approval, and Montreal-based Videotron earlier this year agreed to buy it for $2.85 billion.He says Videotron would have to agree to keep the Freedom wireless licences for at least 10 years.Secondly, he said he would “expect to see” wireless prices in Ontario and Western Canada lowered by about 20 per cent, putting them in line with Videotron’s current Quebec offerings.
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