REUTERS: Rogers Communications Inc said on Monday it was buying rival Shaw Communications Inc for about CUS$20 billion in a deal that would create Canada's second-largest cellular and cable operator but might attract stiff regulatory scrutiny.
The deal, if completed, would be the biggest Canadian telecoms merger since BCE completed the spinoff of its stake in Nortel Networks in a transaction valued at CUS$88.7 billion, according to Refinitiv data. The deal will be reviewed by the independent Competition Bureau of Canada, the Canadian Radio-television and Telecommunications Commission , as well as the department of Innovation, Science, and Economic Development .Canadian Innovation Minister Francois-Philippe Champagne said the review would focus on"affordability, competition, and innovation."
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