News Formal

Rogers hires former industry minister as Shaw integration gets underway - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 50%

South Africa News News

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

Rogers Communications Inc. hired Navdeep Bains, a former cabinet minister turned banker, to an executive role as the wireless and cable firm begins to absorb the assets of Shaw Communications Inc.

Bains, who served as Prime Minister Justin Trudeau’s first minister of industry, will be Rogers’ chief corporate affairs officer. He’s joining Rogers from Canadian Imperial Bank of Commerce, where he took an investment banking role after leaving politics in 2021.

Champagne approved the deal after Rogers agreed to put a number of pledges in writing, including a promise to spend at least $2.5 billion to expand 5G wireless coverage in Western Canada over five years and another $3 billion in other investments, in its cable network. Rogers faces potential fines of as much as $100 million a year if it breaks those commitments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in ZA

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.

Navdeep Bains to join Rogers as company unveils new executive teamThe team charged with combining two of the country’s largest telecom companies also includes a senior executive from Shaw Communications
Source: globeandmail - 🏆 5. / 92 Read more »