Shaw
Rogers-Shaw Merger ‘Should Now Be Approved’: Freedom Sale to Quebecor Signed
Rogers, Shaw and Quebecor announced on Friday they have signed a deal for the sale of Freedom Mobile to the latter, making their initial $2.85 billion agreement from mid-June now official. The deal is subject to regulatory approvals and the closing of the Rogers-Shaw merger. According to all three telcos, the deal "provides the...
Competition Bureau’s Resistance to Freedom Mobile Sale ‘Incomprehensible’, Says Quebecor CEO
Quebecor CEO Pierre Karl Péladeau finds it "incomprehensible" that the Competition Bureau is opposed to the company's proposed acquisition of Freedom Mobile from Rogers and Shaw — reports The Globe and Mail. Back in May, the Bureau petitioned the federal competition tribunal to block Rogers's proposed $26 billion acquisition of Shaw. Canada's competition watchdog argued the...
Rogers Says Competition Bureau Has ‘Obligation’ to Fast-Track Shaw Merger Hearing
Rogers on Thursday filed an official objection to the Competition Bureau's request to delay a tribunal hearing into the company's planned $26 billion CAD acquisition of Shaw Communications — reports Reuters. Back in May, the Competition Bureau petitioned the federal competition tribunal to block the Rogers-Shaw deal over concerns it would decrease competition in Canada's...
Rogers, Shaw Extend $26 Billion Merger Deadline to December
Rogers and Shaw announced on Wednesday the merger deadline for its $26 billion deal has been extended to December 31, 2022, saying the change is "demonstrating their commitment to completing this transformative combination." An option to further extend the date to January 31, 2023, is available once Rogers has financing available for the deal. Both...
Rogers Opposes Competition Bureau Request for More Time to Investigate Freedom Sale
The Competition Bureau said in a Friday statement that the proposed sale of Freedom Mobile to Quebecor does not alleviate all of the regulator's concerns regarding Rogers's planned $26 billion CAD takeover of Shaw Communications — reports Reuters. Canada's competition watchdog said it does not have enough information to approve the Freedom sale at this...
Telus Leads Mobile Internet Speeds, Shaw for Fixed Broadband in Q2: Report
According to Ookla’s Q2 Market Analysis report on internet speeds in Canada, Telus provided the fastest mobile internet to Canadians during Q2 2022 with a median download speed of 79.09 Mbps. Interestingly, Ookla only tested national mobile operators for Q2, leaving out regional providers like Freedom Mobile, Videotron, and Fido. Telus topped rivals Bell and Rogers...
Quebecor Jumping into Rogers-Shaw Antitrust Conflict with Competition Bureau: Filing
Quebecor is looking to join forces with Rogers and Shaw Communications in their ongoing battle against the Competition Bureau for approval of their planned $26 billion CAD merger, according to a motion filed on Friday (via The Financial Post). If the motion passes, Quebecor's cable and wireless operator, Videotron, will be able to argue in favour...
Rogers-Shaw Mediation Talks with Competition Bureau Have Failed
Rogers and Shaw Communications have failed to alleviate the Competition Bureau's antitrust concerns over their proposed $26 billion CAD merger during negotiations (via BNN Bloomberg). "The early mediation between Rogers Communications Inc., Shaw Communications Inc., and the Commissioner of Competition on July 4 and July 5, 2022, did not result in a resolution of the Commissioner’s...
Shaw Launches 2 Gbps Internet for Business Customers
Shaw Business has launched Fibre+ Gig 2.0 today for customers in Western Canada, available today. “Businesses are more connected today than ever before, and with more technology powering their front and backend operations, they need access to fast and reliable internet services that can keep pace with their needs,” said Katherine Emberly, President, Business, Shaw...
Quebecor’s Freedom Mobile Buy Unlikely to Create Strong Competition: Telecom Experts
Rogers and Shaw on Friday announced an agreement with Quebecor to sell Freedom Mobile to the latter for $2.85 billion. The pair are divesting Freedom Mobile to sway regulatory approval for their proposed $26 billion merger. Rogers' planned takeover of Shaw is being held up by the Competition Bureau, while the Ministry of Innovation, Science...
Freedom Mobile Sale to Quebecor Likely to Increase Chances of Rogers-Shaw Approval: Analysts
After Rogers announced on late Friday it had agreed to sell Shaw’s Freedom Mobile to Quebecor for $2.85 billion, reaction from analysts on Monday suggest the move has likely increased the chances of the Rogers-Shaw merger getting approved by regulators. According to a compilation of analyst commentary from Canaccord Genuity, Desjardins Capital Markets and National...
Rogers to Retain 450,000 of Shaw’s Wireless Customers, Despite Selling Freedom Mobile
Rogers is still poised to gain almost half a million new wireless subscribers from its proposed $26 billion acquisition of Shaw Communications Inc., despite selling Shaw-owned Freedom Mobile to Quebecor — reports The Globe and Mail. Rogers, Shaw, and Quebecor last week announced they had struck an agreement for the Quebec-based telecom operator to purchase...