Quebecor CEO agrees to industry minister's conditions around sale of Freedom Mobile

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MONTREAL — Quebecor Inc. CEO Pierre Karl Péladeau says he intends to accept the conditions laid out by Industry Minister François-Philippe Champagne around the sale of wireless carrier Freedom Mobile to Videotron Ltd.

, which is part of the proposed $26-billion deal between Rogers Communications Inc. and Shaw Communications Inc.

"We will work to deliver better prices for Canadians in the other provinces and to end the reign of the 'Big 3' by promoting competition, the public interest and the digital economy in Canada." Champagne said earlier Tuesday evening he would not approve the proposed merger between Rogers and Shaw, but left the door open to a revised agreement saying that before approving Videotron's purchase of Freedom, he would need two specific concessions.

Champagne said his conditions for Freedom's licence transfer were clear, but did not make clear whether a successful sale of Freedom Mobile would mean the Rogers-Shaw deal might still be approved.Champagne's approval is required for any spectrum licence transfer.

 

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