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The federal agency says the suspension will remain in place until its application for a stay and an injunction is heard.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
The tribunal said in its ruling that the merger was not likely to result in higher prices for wireless customers and that it was satisfied a plan to sell Shaw’s Freedom Mobile to Quebecor Inc.’s Videotron was adequate to ensure competition isn’t substantially reduced. The bureau had sought to block the merger and in its appeal argues that the tribunal acted outside of its jurisdiction in a “rush to judgment.”
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Looks like the CB is getting a lot of unwanted attention. Their reputation (what little remains that is) is entirely on the line here.
Mergers do not help consumers or employees. They only reduce competition and increase prices. No one wins except top executives who increase the already bloated salaries. Less choices for employees, less choices for consumers. Look at what mergers has done for medicine.
It's okay if members sitting on the CRTC dominate Canadian markets.
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