Rogers-Shaw merger closes, forming new telecom giant | Globalnews.ca

This secondary transaction was critical to meeting anti-competition concerns raised by the merger of Rogers and Shaw, originally proposed in March 2021.Story continues below advertisement

“The alliance of Freedom and Videotron will permanently transform Canada’s wireless market for the benefit of consumers and create a new competitive environment that delivers innovative products and services at better prices,” Quebecor CEO Pierre Karl Péladeau said in a statement. As a result of the transaction closing, the Shaw family will become “one of the largest shareholders of Rogers,” according to the press release. Brad Shaw and Trevor English, formerly executives of Shaw, are expected to be named to the Rogers board on Tuesday.The merger was cleared by both the Canadian Radio-television Telecommunications Commission and the Competition Tribunal.

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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 »