Write For Us

Rogers-Shaw deal approved by feds in major Canadian telecom merger

Sponsored Post Vitamin D2 Canada Persia
48 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Rogers Communications Inc.’s proposed takeover of Shaw Communications Inc. will go ahead after it received the final sign-off it needed from Canada's Industry Minister François-Philippe Champagne.

"We will be monitoring the performance under these terms and conditions and making sure that we enforce the terms of these contracts on behalf of Canadians," he said.

The merger, a union between two Canadian telecom giants valued at $26 billion, including debt, has changed significantly in response to political and industry pressure since it was first announced in March 2021.

The final permutation of the merger will see Shaw sell its Freedom Mobile business and transfer wireless spectrum to Quebecor’s Videotron as the latter seeks to expand outside Quebec.

The industry minister said Friday his approval is subject to multiple conditions.
Shaw Communications and Corus Entertainment, the parent company of Global News, are owned by the Shaw family based in Calgary.

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

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Canada #Telecom #GlobalNews
Category
U.S. & Canada
Tags
global news, rogers shaw, rogers shaw deal
Sign in or sign up to post comments.
Be the first to comment