Rogers, Shaw extend deadline for contested $26-billion merger until end of year

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The merger of Canada’s two largest cable companies is facing obstacles from the Competition Bureau, which argues it would cause higher prices and poorer service

Rogers Communications Inc. and Shaw Communications Inc. have extended the deadline for their contested $26-billion merger until the end of the year as they await regulatory approvals.

The Competition Bureau is attempting to block the merger of Canada’s two largest cable companies, arguing that it would result in higher prices and poorer service, particularly for wireless customers. Rogers has struck a deal to sell Shaw’s Freedom Mobile to Quebecor Inc. for $2.85-billion in an attempt to address those concerns.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

alexposadzki This wrong Rogers already has too much power. We need more competition in Canada not less.

alexposadzki Hope it fails.

alexposadzki Yeah, let’s lessen competition in the media and telecommunication industry it’s worked so well south of the border. Break up both of these monopolies and any others doing business in Canada.

alexposadzki Just when you thought you could get away from Rogers… we cancelled all our services with them due to ridiculous prices and horrid customer service. Been happy with Freedom for 8 years. Is there anyone that isn’t a sell out!?!?

alexposadzki

The Competition Bureau is attempting to block the merger of Canada’s two largest cable companies, arguing that it would result in higher prices and poorer service, particularly for wireless customers.

Canada Canada Latest News, Canada Canada Headlines