Rogers Communications Inc\u0027s $26\u002Dbillion takeover of Shaw Communications Inc. cleared the last regulatory hurdle Friday.
Champagne had stipulated that he would “expect to see” Freedom’s wireless prices in Ontario and Western Canada lowered by about 20 per cent over, putting them in line with Videotron’s current Quebec offerings.In response, Videotron said it would accept the conditions, agreeing to incorporate them in a revised deal.
It must also spend $5.5 billion to expand 5G coverage and additional network services, as well as a further $1 billion to connect rural, remote and Indigenous communities.Article content Champagne vowed to “be like a hawk on behalf of Canadians” to ensure the companies adhere to the conditions. Instead, the court sided with the tribunal’s view that “there was no substantial lessening of competition” at risk by approving the deal.
That included a requirement for Rogers to contribute $27.2 million to various initiatives and funds, five times what the company had originally proposed. As part of the agreement, Rogers will acquire 16 cable services based in Western Canada, a national satellite television service and other broadcast and television services.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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
Lire la suite »
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.
Lire la suite »
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
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »