Independent Canadian senator Colin Deacon has criticized today's approval of the Rogers-Shaw merger, saying that the conditions and penalties imposed on the deal would not be necessary if Canada's Competition Act did not favour oligopolies. He argues that the Competition Commissioner in Canada lacks the same powers as their counterparts in other G7 countries, which...
Rogers has updated its 2023 financial guidance ranges to reflect its expected acquisition of Shaw which was overwhelmingly approved by the federal government on Friday morning. The company said on Friday morning that its total service revenue is expected to increase by 26% to 30%, while adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)...
Minister of Innovation, Science and Industry, François-Philippe Champagne, Minister of Innovation, Science and Industry, announced on Friday morning he has approved the Rogers-Shaw merger, to nobody’s surprise. “Today, I am informing Canadians that I have secured on their behalf unprecedent and legally binding commitments from Rogers and Videotron. And, after imposing strict conditions, the spectrum...
The Globe and Mail reports that Innovation, Science and Economic Development (ISED) Minister François-Philippe Champagne is set to announce his decision regarding Rogers' $20-billion acquisition of Shaw on Friday morning. Two unidentified sources claim the announcement is related to the minister's review of the takeover, set to take place tomorrow at 8:30 am EDT. ISED...
Rogers CEO Tony Staffieri and other top executives are poised to receive a combined total of $17 million in bonuses, pending the successful closure of the Shaw acquisition and the fulfillment of specific performance targets over two years. Staffieri took over as Rogers CEO in January 2022 and could earn $8 million in stock options,...
Rogers has agreed to provide Vidéotron with favourable access to its networks for an extended period of time as part of the $2.85 billion Freedom Mobile sale
Bell will likely be the largest individual beneficiary of Bill C-18's implementation, with an estimated payout of $23-51 million or 15.6% of the total funds
Shaw’s Freedom Mobile has debuted new unlimited data plans on its website, ranging from 30GB to 50GB for bring your own device customers. Yesterday, Freedom Mobile had $45/25GB, $55/35GB and $65/45GB unlimited LTE data plans. But today, these plans have become $45/30GB, $55/40GB and $65/50GB unlimited data plans for the same price, due to “5GB...
Lawyers working on the long-embattled deal are expected to beat out bankers and shareholder advisers to take the lion's share of fees from the transaction
