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Rogers finalizes $26-billion merger with Shaw after receiving government approval

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Rogers Communications Inc. has closed its $26-billion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week.

Rogers and Shaw applications are pictured on a cellphone in Ottawa on Monday, May 9, 2022.

“We’re proud to bring together these two iconic companies to deliver more value, more connectivity, and more innovation for Canadians.” In approving the deal, Champagne announced 21 conditions that Rogers and Videotron must adhere to, including Rogers establishing a second headquarters in Calgary and adding 3,000 new jobs based in Western Canada.

If Rogers breaches its conditions, it must pay up to $1 billion in damages. Videotron would potentially be subject to $200 million in penalties if it fails to meet its commitments.

 

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Can we have local angle instead of qc/ont centric one from CP? Like how does this affect BC shaw customers? Are there promises to lower cable/Internet costs, can Shaw customers finally get a la carte like bell back east has ( was great, could change channels, not stuck w/tiers)

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Belgique Dernières Nouvelles, Belgique Actualités

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Rogers finalizes $26-billion merger with Shaw after receiving government approvalRogers CEO Tony Staffieri calls it a momentous day for the company’s customers and says they will benefit from the latest services and network technology. More oligarchs for Canada. A big loss to consumers. What else is new here? I guess we all just forgot about how Canada collapsed when the Roger's monopoly on our IT backbone went down, huh? Canada loves it's monopolies. I don't know why everyone says we're capitalist. No business that isn't already established will thrive here.
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Rogers closes its $20B acquisition of Shaw - BNN BloombergRogers Communications Inc. has closed its $20-billion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week.
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