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Deadline for Rogers, Shaw merger extended to March 31

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Rogers, Shaw, and Quebecor have agreed to extend the deadline for the proposed merger and the acquisition of Freedom Mobile. Find out more

, Shaw, and Quebecor Inc have agreed to push forward the deadline for the proposed merger and the acquisition of Freedom Mobile by Quebecor’s Videotron until March 31, 2023.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.

The Canadian telecom giants had originally expected to close the transaction in the second quarter of 2022. In a joint statement, the companies said they continue to work with Ottawa to obtain approval of the transfer of spectrum licences from Shaw to Videotron.Article content The deal had already received approval from Shaw shareholders and the Court of King’s Bench of Alberta in 2021, the Canadian Radio-television and Telecommunications Commission in March last year and the Competition Tribunal at the end of 2022, aOn Feb. 13, Champagne said he hadn’t made a decision yet, adding that he is not bound by a specific date to do so.

The minister has signalled a willingness to approve the sale of Freedom to Quebecor/Vidéotron in October by laying out two conditions he would find acceptable for the transfer of wireless spectrum.

 

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