Briefing

Rogers budgets $150M for outage refunds as it posts $409M net income in Q2

The money it expects to credit customers for its total telecom-service failure that began July 8 won’t be booked until the next quarter, the company said in announcing its most recent financial results. It also said it’s agreed with Shaw Communications to extend the deadline to close its acquisition of Shaw until the end of the year as it faces the Competition Bureau’s and Innovation Minister François-Philippe Champagne’s regulatory objections. (The Logic)

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