Rogers, Shaw merger will hurt low-income Canadians the most, tribunal hears - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

An economics professor says the big winners of Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc. would be the telecoms' families and that low-income Canadians would be hit the hardest.

Speaking before the Competition Tribunal Friday, Dalhousie University's Lars Osberg said low-income Canadians, who are already facing inflationary pressures, will feel the most pain if telecom prices increase as a result of the merger.

Rogers pushed back against Osberg's claims, pointing to the CRTC's decision to approve the deal, noting that the regulator examined how the merger would impact consumer interests, including low-income households, seniors and people with disabilities, before doing so. Additionally, Rogers pointed to the company's intention to extend its Connected for Success wireline program to Western Canada if the deal is approved. The program offers high-speed internet and bundled services at a discounted price to low-income Canadians.

The hearing before the Competition Tribunal is expected to last until mid-December and aims to resolve the impasse between the Commissioner of Competition, who wants to block the deal, and Rogers and Shaw.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not just low income impacted. Avg Cdn pays more than other countries. One can get free iPhone in US for new subscription and cheaper rates. Here we get to pay for the iPhone over 24 months. Geez thanks Rogers / Bell / Telus.

Many of us without being economics professors know this already. If you have a shrewd of common sense you get to the same conclusion, except if you are a specialist at CRTC. Why this deal is not terminated already? How many work hours will be spent before reaching the obvious ?!

Poor Shaw. Imagine your family business that you put several billions of $ of your own money to build your business & now it is worth $20 billion you are told that you can’t sell it. Image if this was your house that you built and it increased in value by 5xs but you can’t sell

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rogers-Shaw merger would eliminate existing competition, expert tells tribunalCompetition Bureau witness said the potential merger of Rogers and Shaw would end this competition. Read more. From America would come into this market in gladly take a chunk of it and save us to consumers a ton of money compared to the overcharging we are experiencing and her cell phone now Why on earth we don’t allow competition in this country is mind-boggling to me. There is so many other companies that would enter this market if we allowed them. I know we are a small business compared to the Americans but I’m sure many cell phone companies from … CROOKS
Source: calgaryherald - 🏆 64. / 52 Read more »

Freedom would be less competitive after Rogers-Shaw merger, expert tells tribunalQuebecor Inc.’s Vidéotron subsidiary is in the process of acquiring Shaw\u0027s Freedom Mobile for $2.85 billion. Read more.
Source: financialpost - 🏆 7. / 85 Read more »