However, a number of hurdles still remain, including the greenlight from the Ministry of Innovation, Science and Economic Development.Rogers and Shaw said they had agreed to extend the timing of the deal to July 31, 2022, to allow for continued engagement with the Competition Bureau.
The takeover would see Rogers acquire 16 cable services based in Western Canada, a national satellite television service and other broadcast and television services.Rogers promises better rural internet, consumer and advocate want optionsThe deal has faced opposition from competitors and government officials.
Ottawa pledged to block the full transfer of Shaw’s wireless licences to Rogers, and the House of Commons industry and technology committee said earlier this year that Rogers’ bid for Shaw should not go ahead. If it does, the committee said the government should place conditions on the deal. Rogers and Shaw have expressed confidence that the rest of the deal will be approved. They say joining forces is necessary to ensure greater connectivity to rural and Indigenous communities and to compete in the increasingly globalized market for content.© 2022 Global News, a division of Corus Entertainment Inc.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »