Rogers dealmaker touts 5G plan, says Shaw merger 'will get done'

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Chief executive Joe Natale says he\u0027s going to spend — and spend big

“That’s an incredible number,” said Natale, who has been Rogers’ chief executive officer for four years. “I would challenge most industries in Canada to lay down a number that is that large, in terms of investing in the future prosperity of Canada.”

The transaction faces a long review by Canada’s antitrust body and also needs the approval of the federal government. It’s not expected to close until the first half of 2022, which is one reason Shaw’s stock price remains about 10 per cent below the $40.50 per share takeover bid.For Natale, the deal faces two potential problems.

“I can say every time I’ve been talking to telecom executives, I always remind them that affordability is what is on my mind,” Industry Minister Francois-Philippe Champagne said in an interview this week.How do you achieve affordability? It's through competitionBut in Natale’s view, the debate needs to focus on what it takes to fund networks in a country that has fewer people than California but a larger land mass than the entire U.S.

 

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