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Competition watchdog pushes back on concerns Shaw has about its business - BNN Bloomberg

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Counsel for the Competition Bureau tried to build the case Tuesday that Shaw Communications Inc. is not in as troubled a position as the company has made it seem as the hearing on the $26-billion proposed deal with Rogers Communications Inc. continued.

During cross-examination of Shaw's chief financial officer Trevor English, the competition watchdog pointed to Shaw's fiscal 2020 financials, noting free cash flow of approximately $750 million and capital expenditures of approximately $1.1 billion.

On Monday evening, English told the Competition Tribunal that Shaw does not see a viable path forward as a standalone company. English said even without the divestiture of Shaw-owned wireless carrier Freedom, the deal is good for consumers.

 

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JTSingh…should let T-Mobile or Verizon come to town and buy Shaw…then we’ll see lower prices and better service

If Shaw is an asset in distress why would somebody pay Billions? Usually distress assets are sold for pennies to the dollar. This is such a lame “excuse”. This deal should be stopped for the consumers sake

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 /  🏆 83. in PT

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