Rogers, Shaw vow to fight competition commissioner's effort to block merger

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The proposed $26-billion merger between two of Canada's telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated it intends to block the deal.

Rogers Communications Inc. and Shaw Communications Inc. issued a joint statement late on Friday evening indicating they learned of the commissioner's plans after markets closed for the day.

The Competition Bureau is one of three regulatory bodies whose approval is needed for the deal to go through. The Canadian Radio-Television and Telecommunications Commission signed off earlier this year, and the companies are actively trying to sell Shaw's wireless business Freedom Mobile which is expected to be a condition of approval from Innovation, Science and Economic Development Canada.

But both companies say they plan to press ahead with the deal and fight the commissioner's efforts to block it. "Rogers and Shaw will oppose the application to prevent the transaction to be made by the Commissioner of Competition, while continuing to engage constructively with the Competition Bureau in an effort to bring this matter to a resolution and ensure that the transaction's benefits can be realized by all Canadians," the joint statement read.

 

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And the rich get richer. We don't have choices any more, and it infuriates so many of us.

This merger is awful for consumers… it should be stopped.

The greed of these two families is astounding. Belly up to the trough boys and girls. Stick it to the Canadian consumer a little harder. You could at least whisper sweet nothings in my ear as you drive it home

More corporate greed and Control over the simple minded sheep. Eventually one corporation will own them all and the world will be screwed. EndTheMonopoly

liberal idiots are mad saying Elon will have too much 'power' this shit feeds liberals..this is worse...they all bell rogers shaw should face open competition..Ukraine has cheaper internet and we send cash...illegals come with iphones/ who paysOPEN EVERYTHING

Phone bills suck! Contracts! Pos!

if they get to do that then we Must allow more american networks for consumer protection!

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