Competition authorities 'opposing' $26-billion merger of telcos Rogers and Shaw

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The telcos said they remain committed to doing what’s necessary to join forces, and will oppose the competition commissioner’s application to prevent the…

It has been understood for weeks that the divestiture of at least some of the wireless assets would be required to satisfy the Ministry of Innovation, Science and Economic Development Canada , which must also approve the merger.

“In addition, the transaction will foster greater competition by creating Canada’s most robust wholly-owned national network, and generating more choice for businesses and consumers so they may realize the full economic and social benefits of next generation networks,” they said in the joint statement.

“Rogers and Shaw remain committed to the transaction, which is in the best interests of Canada and Canadians because of the significant long-term benefits it will bring for consumers, businesses and the economy,” the companies said in their joint statement Friday.

 

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