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Rogers-Shaw merger mediation session fails to yield settlement - BNN Bloomberg

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Rogers Communications and Canada's competition watchdog have failed to resolve their differences over the telecom giant's $26-billion proposed takeover of Shaw Communications Inc. following a mediation period and weeks of talks.

Rogers Communications Inc. and Canada's competition watchdog have failed to resolve their differences over the telecom giant's $26-billion proposed takeover of Shaw Communications Inc. following a mediation period and weeks of talks.

The Competition Bureau has been trying to block the deal, arguing that the transaction would lead to worse service and higher prices for consumers. Thursday evening's outcome comes just a few days after Industry Minister François-Philippe Champagne put new conditions on the deal, specifically targeting the sale of Shaw-owned wireless carrier Freedom Mobile to Quebecor's Videotron, a key component in the proposed transaction.

He also said he would"expect to see" wireless prices in Ontario and Western Canada lowered by about 20 per cent, putting them in line with Videotron's current Quebec offerings.

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

This deal is bad for consumers and competition.

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Rogers, Shaw, Quebecor say mediation talks with Canada’s competition watchdog failed to resolve merger objectionsMediation talks have failed to resolve the Competition Bureau’s objections to the $26-billion merger between Rogers and Shaw, the telecoms said Thursday.
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