freedom mobile

  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...

Telus's President of Mobility Solutions, Jim Senko, said in an interview last week that Rogers and Shaw's proposed sale of the latter's wireless business, Freedom Mobile, to Quebecor will reduce competition in Canada's wireless market (via the Financial Post). Quebecor "doesn’t truly understand the Western markets and would have to wholesale there any kind of...

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...

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...

Anthony Lacavera, chairman of Globalive Capital and the original founder of Freedom Mobile, doesn't think selling the wireless provider to Quebecor Inc. will result in the "robust competition that the Canadian wireless sector desperately needs" — reports the Financial Post. Lacvaera urged Industry Minister François-Philippe Champagne and Competition Commissioner Matthew Boswell to block the sale in...

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...

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 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...

Rogers, Shaw and Quebecor announced late Friday evening the companies have agreed to sell Freedom Mobile to the Quebec-based telecom, after numerous reports the latter was in the running to acquire the wireless unit. “The proposed divestiture of Freedom Mobile to Quebecor will ensure the presence and viability of a strong fourth wireless carrier in […]

According to The Globe and Mail, Freedom Mobile founder Anthony Lacavera has taken his investment firm Globalive Capital's $3.75 billion offer to buy the wireless unit back straight to Shaw Communications Inc. after not being taken seriously by Rogers. Freedom Mobile was established in 2008 by Lacavera as Wind Mobile. He built the wireless upstart into...

Rogers Communications Inc. CEO Tony Staffieri said on Wednesday that the telecom giant has a "good roster" of potential buyers for Freedom Mobile that should alleviate competition concerns over the former's proposed $26 billion acquisition of Shaw Communications Inc. — reports The Globe and Mail. The two telcos are scrambling to dump Shaw-owned Freedom Mobile in...

As the Rogers-Shaw merger remains up in the air, rivals Bell and Telus want the federal government to block the sale of Freedom Mobile to Quebecor. According to unnamed sources speaking to Reuters, Bell and Telus argued in letters to the Competition Bureau and federal government it should block Quebecor from buying Shaw’s wireless business,...