Will the Rogers-Shaw merger mean lower cellphone bills? Industry watchers are skeptical

If it doesn’t, Quebecor is on the hook for $25 million in penalties each year the company infringes on the agreement, up to a maximum of $200 million for the 10 years that the deal lasts. The contract also stipulates that Quebecor must invest more than $150 million to upgrade Freedom’s wireless infrastructure within two years and maintain the spectrum licences for at least 10 years.

Michael Geist, a law professor at University of Ottawa said that the contracts might help bring prices down in the short term, but that in the long term, he’s skeptical that the deal will result in meaningful change. “ have to make these investments. Assuming they do … they still have an obligation to their shareholders to generate a return,” he said.Article content

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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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

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.
Source: TorontoStar - 🏆 60. / 55 Read more »