TORONTO — Rogers Communications Inc's $26-billion takeover of Shaw Communications Inc. cleared the final regulatory hurdle Friday, more than two years aft
TORONTO — Rogers Communications Inc’s $26-billion takeover of Shaw Communications Inc. cleared the final regulatory hurdle Friday, more than two years after the deal was first announced.
Rogers and Shaw had agreed in June 2022 to sell Freedom Mobile to Videotron for $2.85 billion in an attempt to ease competition concerns raised by the original proposal. The conditions include Rogers establishing a second headquarters in Calgary and adding 3,000 new jobs based in Western Canada “in the coming months” which it must maintain for at least 10 years.
Champagne vowed to “be like a hawk on behalf of Canadians” to ensure the companies adhere to the conditions. If Rogers breaches its conditions, it must pay $1 billion in damages, the minister said. Videotron would be subject to $200 million if it fails to meet its commitments. Clearing another regulatory obstacle, the Canadian Radio-television and Telecommunications Commission approved Rogers’ acquisition of Shaw’s broadcasting services in March 2022 subject to certain conditions.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Ottawa gives final approval for Rogers $26B purchase of ShawRogers Communications Inc\u0027s $26\u002Dbillion takeover of Shaw Communications Inc. cleared the last regulatory hurdle Friday.
اقرأ أكثر »
Opinion: If Rogers-Shaw deal is good for competition, how is it good for Rogers-Shaw?The deal to spin off Freedom Mobile has some asking if Rogers is giving away too much to Quebecor
اقرأ أكثر »
As Rogers-Shaw deadline arrives, Ottawa set for announcement on telecom - National | Globalnews.caAn announcement by Industry Minister Francois-Philippe Champagne comes on the same day as the planned closing of the Rogers-Shaw merger.
اقرأ أكثر »
Ottawa allows Rogers to complete $20-billion takeover of Shaw with conditions, financial penaltiesFederal Industry Minister François-Philippe Champagne cleared the way for the deal, first announced two years ago, after approving the transfer of Freedom Mobile to Videotron
اقرأ أكثر »
Rogers' takeover of Shaw in sight as Ottawa approves Quebecor's purchase of Freedom MobileFrançois\u002DPhilippe Champagne has approved Quebecor\u0027s purchase of Shaw\u0027s Freedom Mobile, clearing Rogers to complete Shaw takeover. Read on.
اقرأ أكثر »
Ottawa approves $26-billion Rogers-Shaw dealFrançois\u002DPhilippe Champagne has approved Rogers\u0027 takeover of Shaw after allowing Quebecor\u0027s purchase of Shaw\u0027s Freedom Mobile. Read on.
اقرأ أكثر »