Rogers Communications Inc. has finally gained control of Shaw Communications Inc., emerging from two years of legal battles, family intrigue and government lobbying to complete one of Canada’s biggest-ever corporate takeovers. Chief Executive Officer…
The tortuous path to getting the deal done was “longer than we would have expected,” Staffieri said in an interview. Now it’s time to move on — starting on Tuesday morning, when he’ll meet with Shaw staff in Calgary and Vancouver and begin combining the cable and internet providers with a goal of wringing out at least $1 billion in costs.
His list of priorities includes integrating the two companies’ networks, spending billions to expand wireless coverage and 5G services and making it easy for customers of Shaw to do business with Rogers. He’d been unemployed for less than two months. His first priority was clear: get the Shaw deal done.
From the government’s point of view, Quebecor was the best solution to the antitrust problem. Rogers and Shaw ultimately agreed to sell it to the Montreal-based company for $2.85 billion in a deal that also closed Monday.
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