Rogers finalizes $26B merger with Shaw after receiving government OK

We apologize, but this video has failed to load.In approving the deal, Champagne announced 21 conditions that Rogers and Videotron must adhere to, including Rogers establishing a second headquarters in Calgary and adding 3,000 new jobs based in Western Canada.

Videotron must offer plans that are at least 20 per cent lower than its competitors and spend $150 million over the next two years to upgrade Freedom Mobile’s network. “We are very pleased to be closing the acquisition of Freedom Mobile today, bringing its Canadian footprint as well as the expertise and experience of its employees into our fold,” said Quebecor president and CEO Pierre Karl Peladeau in a press release.

Champagne also announced his department would not allow any further transfers of wireless spectrum until it completes a review of Canada’s spectrum transfer framework.

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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 »