Competition watchdog pushes back on concerns Shaw has about its business - BNN Bloomberg

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Counsel for the Competition Bureau tried to build the case Tuesday that Shaw Communications Inc. is not in as troubled a position as the company has made it seem as the hearing on the $26-billion proposed deal with Rogers Communications Inc. continued.

During cross-examination of Shaw's chief financial officer Trevor English, the competition watchdog pointed to Shaw's fiscal 2020 financials, noting free cash flow of approximately $750 million and capital expenditures of approximately $1.1 billion.

On Monday evening, English told the Competition Tribunal that Shaw does not see a viable path forward as a standalone company. English said even without the divestiture of Shaw-owned wireless carrier Freedom, the deal is good for consumers.

 

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JTSingh…should let T-Mobile or Verizon come to town and buy Shaw…then we’ll see lower prices and better service

If Shaw is an asset in distress why would somebody pay Billions? Usually distress assets are sold for pennies to the dollar. This is such a lame “excuse”. This deal should be stopped for the consumers sake

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

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Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Merger to benefit Rogers and Shaw families, Competition Bureau hearsRogers\u0027 lawyer notes CRTC approved deal after considering impact on different stakeholders
منبع: calgarysun - 🏆 63. / 52 ادامه مطلب »

Rogers, Shaw families stand to be 'big winners' of merger, Competition Bureau expert tells tribunalRogers\u0027 lawyer notes CRTC approved deal after considering impact on different stakeholders And digital users will be 'Big Losers' if CompetitionBureau makes wrong decision🤔 BigTeleCom Since when has a monopoly ever been good for the people?
منبع: calgaryherald - 🏆 64. / 52 ادامه مطلب »