Rogers, Shaw vow to fight competition commissioner’s effort to block merger

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 55%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The proposed $26-billion merger between two of Canada’s telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated it intends to block the deal.

TORONTO -

The companies say they were informed that the commissioner intends to file applications to the Competition Tribunal in a bid to prevent the merger, which the two firms had hoped to close by the end of the second quarter. The Competition Bureau did not immediately respond to request for comment on the decision to fight the prospective merger, and neither Rogers nor Shaw offered details on the contents of the Friday notice.

The proposed merger, they argue, will offer significant economic and consumer benefits and contend the deal is in the best interest of Canada and its residents.

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:

 /  🏆 60. in NG
 

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

Amazing 👏

I hope it is blocked. Why should most of us not have multiple choices of internet and phone providers? This merger would allow no competition from other potential providers of wireless services, and give them carte blanche to gouge Canadians at will.

That’s a hoot and a .5. Our competition bureau has the teeth of a gummy bear. It’s motto is ‘Laissez-faire’.

As if we've not had enough of monopoly.

Rogers is already a monopolized psuedo-crown corporation that receives public funding and legal protections other entities do not. Capitalism can become fascistic if the market does not remain free.

The true national sport of Canada is not hockey, it's gouging. And these bastards are the pros. We have the highest telecom rates in the world and the least choice. But we're sheep, so we tolerate it.

Incoming restructuring... Ie: layoffs...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Rogers, Shaw notified of Competition commissioner’s plan to oppose $26-billion mergerIn a statement, the telecom companies said they were notified the commissioner plans to oppose their merger Good we need more competition not less with our cable companies
Source: globeandmail - 🏆 5. / 92 Read more »

Rogers, Shaw notified of Competition commissioner’s plan to oppose $26-billion mergerIn a statement, the telecom companies said they were notified the commissioner plans to oppose their merger Good we need more competition not less with our cable companies
Source: globeandmail - 🏆 5. / 92 Read more »

Rogers, Shaw say merger deal to be opposed by competition commissioner | Globalnews.caIn a joint statement on Saturday, Rogers and Shaw said they were notified of the commissioner's intention to prevent the multibillion-dollar proposed merger.
Source: GlobalNational - 🏆 81. / 51 Read more »

Canada's competition commissioner to oppose $26B Rogers-Shaw merger, say companies | CBC NewsCanada's commissioner of competition intends to oppose Rogers Communications Inc.'s proposed $26-billion merger with Shaw Communications Inc., the companies said in a statement early Saturday. Good too powerful. Good job. 👏✨👍 Bribes was not big enough?
Source: CBCAlerts - 🏆 37. / 63 Read more »