Sale of Freedom to Videotron would weaken company, Competition Tribunal hears - BNN Bloomberg

A consultant says selling Freedom Mobile to Quebecor Inc.-owned Videotron Ltd. would lessen competition in the telecom market in arguments before the Competition Tribunal about Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc.

He also said the new Freedom would lose distribution advantages, including access to Shaw's distribution channels and brand awareness. Videotron also argued that it is a strong purchaser of Freedom partly because it acquired 3,500 MHz spectrum in July 2021, has obtained a discount on wholesale access and has obtained favourable arrangements on roaming charges.

"But it's a big risk, essentially all of which falls on Canadian consumers and the Canadian economy, whereas the merger benefits, to the extent that there are any, fall predominantly to the owners of the three companies involved.

Stay out of capitalism, commies.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rogers-Shaw merger would eliminate existing competition, expert tells tribunalCompetition Bureau witness said the potential merger of Rogers and Shaw would end this competition. Read more. From America would come into this market in gladly take a chunk of it and save us to consumers a ton of money compared to the overcharging we are experiencing and her cell phone now Why on earth we don’t allow competition in this country is mind-boggling to me. There is so many other companies that would enter this market if we allowed them. I know we are a small business compared to the Americans but I’m sure many cell phone companies from … CROOKS
Source: calgaryherald - 🏆 64. / 52 Read more »