'Everything is on the table' if prices don't come down following Rogers-Shaw acquisition: Champagne - BNN Bloomberg

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Industry Minister François-Philippe Champagne said the publicly available conditions that allowed Rogers Communications Inc. to acquire Shaw Communications Inc. give Canadians a seat at the negotiation table.

“For the first time, I think in Canadian telecom history is that now you have a contract with Canadians, these companies are liable to Canadians with 21[and] huge penalties. I think [this is] unprecedented in Canadian history,” Champagne said in an interview with BNN Bloomberg Tuesday. On Monday, regulators would allow the acquisition to go through. The announcement capped off a two-year process that began in March of 2021 when the companies agreed Rogers would purchase Shaw for $20 billion.

“What we have seen, [the] evidence is there, prices in Quebec are 20 per cent lower than in the rest of Canada,” Champagne said. Regarding the prospect of bringing foreign competition into Canada’s telecommunications market, Champagne said that if he does not see prices moving downward “everything is on the table” and he thinks the “message is being heard.” applying to Rogers included a series of connectivity investments that the telecommunications company could be fined up to $1 billion for violating.

Some of the conditions for Videotron, outlined by Champagne, included that it offer plans similar to those available now in Quebec as well as offering plans at least 20 per cent cheaper than existing plans from major providers. Additionally that Videotron keeps its Freedom Mobile licenses for at least 10 years.

 

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Does that include the liberals resigning if not then that doesn’t mean everything is not on the table.

What is the dollar value of the VW subsidy?

If you don’t like what this guy has done, just vote fir someone else during the next election.

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