Rogers Communications and Canada's competition watchdog have failed to resolve their differences over the telecom giant's $26-billion proposed takeover of Shaw Communications Inc. following a mediation period and weeks of talks.
Rogers Communications Inc. and Canada's competition watchdog have failed to resolve their differences over the telecom giant's $26-billion proposed takeover of Shaw Communications Inc. following a mediation period and weeks of talks.
The Competition Bureau has been trying to block the deal, arguing that the transaction would lead to worse service and higher prices for consumers. Thursday evening's outcome comes just a few days after Industry Minister François-Philippe Champagne put new conditions on the deal, specifically targeting the sale of Shaw-owned wireless carrier Freedom Mobile to Quebecor's Videotron, a key component in the proposed transaction.
He also 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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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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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 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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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 original Rogers-Shaw deal, leaves door open with new conditionsIndustry 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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Rogers, Shaw, Quebecor say mediation talks with Canada’s competition watchdog failed to resolve merger objectionsMediation talks have failed to resolve the Competition Bureau’s objections to the $26-billion merger between Rogers and Shaw, the telecoms said Thursday.
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