Ottawa rejects proposed Rogers-Shaw merger, leaves door open for revised deal

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Industry Minister Francois\u002DPhilippe Champagne said he will not approve the original deal between Rogers and Shaw. Read more.

The $26-billion proposed merger would have meant the wholesale transfer of wireless spectrum licences from Shaw to Rogers, which requires Champagne’s approval.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

Shaw’s ownership of Freedom Mobile has widely been seen as the main obstacle to the deal’s approval, and Montreal-based Videotron earlier this year agreed to buy it for $2.85 billion.Recommended from Editorial

 

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