Shares in Rogers were trading more than 5 per cent higher at $64.10 on the TSX Friday after the tribunal’s decision was released late Thursday night. Shaw shares rose more than 9 per cent to $39.07.the three-member tribunal rejected arguments that combining the two telecom giants would substantially lessen wireless competition, particularly after the companies struck a side deal to sell Freedom to Quebecor’s Vidéotron Ltd., a major player in Quebec, but with little presence elsewhere.
“We are pleased with the favourable decision from the Competition Tribunal and thank the tribunal members for their work in rendering a swift decision,” the two companies said in a joint statement. “This is an important milestone in the regulatory process and moves us one step closer to closing a series of transformative transactions proposed by Rogers, Shaw, and Quebecor.
, which analysts viewed as an obvious buyer of Freedom, because its assets would allow chief executive Pierre Karl Péladeau to expand wireless services outside his home province.Article content The tribunal determined that the same is likely to be true for the “wireless only” offerings from Freedom and Vidéotron’s digital Fizz brand, relative to the corresponding offerings of Shaw Mobile and Freedom.
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Moving to telus HATE rogers
i just don’t get how this can happen
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