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Rogers must fulfill list of conditions in Shaw merger or face stiff financial penalties

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Canada's industry minister described the scope of the conditions and financial ramifications of the Shaw-Rogers merger on Friday as “unprecedented.”

There are 21 conditions for Rogers in the deal, including that they must establish a Western headquarters in Calgary, create at least 3,000 jobs in Western Canada for at least a decade, and invest $5.5 billion to expand 5G networks.

There are also requirements that wireless plans offered by Videotron be comparable to what’s available in Quebec.

There are stiff financial penalties if these requirements are not met.

Shaw Communications and Corus Entertainment, the parent company of Global News, are owned by the Shaw family based in Calgary.

Anne Gaviola has more.

For more info, please go to https://globalnews.ca/news/9592439/rogers-shaw-deadline-ottawa-telecom-announcement/

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Category
U.S. & Canada
Tags
global news, Canada telecommunications, Rogers Communications
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