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Rogers finalizes $26-billion merger with Shaw after receiving government approval

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Rogers Communications Inc. has closed its $26-billion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week, bringing to an end two years of uncertainty as regulators scrutinized the deal.

to the takeover on Friday by agreeing to the transfer of Shaw-owned Freedom Mobile's wireless licences to Quebecor Inc.'s Videotron, the final regulatory step allowing the main deal to go ahead.

It must also spend $5.5 billion to expand 5G coverage and additional network services, as well as a further $1 billion to connect rural, remote and Indigenous communities. "We are very pleased to be closing the acquisition of Freedom Mobile today, bringing its Canadian footprint as well as the expertise and experience of its employees into our fold," said Quebecor president and CEO Pierre Karl Peladeau in a press release.

 

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The evil continues.

A distaster for the Canadian consumer…prices will increase and the service will find new lows…very disappointed the Feds allowed this…

Total bull shit this shouldn’t have gone forward. Canadians across the country say this is a bad idea ..

Canadians will pay more for internet services.. NoCompetionCanada

How is this going to open up competition and help all Canadian’s get better📱rates etc? Canada should follow what Australia and Ireland are doing, no? At the very least, the sharing of cell towers should be included in this deal, so any new companies can compete. cdnpoli

Justin and Jag supporters getting what they voted for. So much for competitiveness in the Canadian cell phone industry and lower prices… Hopefully the next generation will finally SCRAP the relic that IS the CRTC!

Red Tape Cut.

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Rogers finalizes $26-billion merger with Shaw after receiving government approvalRogers CEO Tony Staffieri calls it a momentous day for the company’s customers and says they will benefit from the latest services and network technology. More oligarchs for Canada. A big loss to consumers. What else is new here? I guess we all just forgot about how Canada collapsed when the Roger's monopoly on our IT backbone went down, huh? Canada loves it's monopolies. I don't know why everyone says we're capitalist. No business that isn't already established will thrive here.
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Rogers finalizes $26-billion merger with Shaw after receiving government approvalRogers Communications Inc. has closed its $26-billion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week. Can we have local angle instead of qc/ont centric one from CP? Like how does this affect BC shaw customers? Are there promises to lower cable/Internet costs, can Shaw customers finally get a la carte like bell back east has ( was great, could change channels, not stuck w/tiers)
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Rogers closes its $20B acquisition of Shaw - BNN BloombergRogers Communications Inc. has closed its $20-billion purchase of Shaw Communications Inc. after receiving final approval from Ottawa last week.
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