Toronto-based Rogers says that around 60 per cent of the Shaw family shares will be exchanged for Roger’s 23.6 million Class B Shares at an exchange ratio of 0.70, reflecting the volume weighted average trading price of Rogers shares over the last 10 days.
Rogers is among the Big 3 operators and boasts 10.9 million customers of its wireless service alone. Rogers’s total revenues stood at $13.9 billion last year, according to an investor presentation.The two parties say the merger will generate $1 billion in synergies within two years of closing the deal.
That doesn't sound like good news for FreedomMobile customers. I chose FreedomMobile because I wanted a cellphone carrier independent of Rogers & Bell!
Sure lets let Canadian companies leech off of the canadian consumer and tax payer while giving them less choice at a higher premium than other markets. What an absolute fucking joke.
If this is allowed by the Competition Bureau then we need to immediately allow foreign competitors into Canada. If this merger happens we will have 3 massive carriers who already have no incentive to compete aggressively. Have u checked prices lately?
Who uses cable anymore? Havent had it in over a decade? IPTV is where its at.
Canada hates competition
1. Consumers are getting screwed again in the witless Canadian market 2. Two of the most powerful families just became more powerful 3. More layoffs in Calgary 4. Terrible transition for customers 5. Government will support it because it’s good news for Ontario
The CRTC is an absolute joke
Bastards.
1 thing you need to know, you will be paying more for the same services
1. Higher prices...2. Less competition... 3. Poorer Service... 4. Screwed Canadians... 5. See first four
I’ve used the services of both Shaw & Rogers in the past. Cared for neither! This will limit the cable network choices of Canadians. I’m just glad there are those few others. This is a game of monopoly. Canada
Wow. A market with already low competition. Just got even less competitive. Great.
Monopoly
So now we TRULY have no competition