The deal is subject to Rogers and Shaw receiving regulatory approval for and closing their merger. The three companies did not disclose terms of the transaction, but said they were “substantially consistent” with those announced in June, which valued the wireless carrier at $2.85 billion. (The Logic)
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The deal is subject to Rogers and Shaw receiving regulatory approval for and closing their merger. The three companies did not disclose terms of the transaction, but said they were “substantially consistent” with those announced in June, which valued the wireless carrier at $2.85 billion. (The Logic)
Talking point: In a statement, Rogers CEO Tony Staffieri said the agreement with Quebecor brings the $26-billion Shaw takeover deal “one step closer” to completion. But the Competition Bureau has asked the Competition Tribunal to prevent Shaw from selling Freedom for now, since the regulator doesn’t believe a divestiture will prevent the loss of competition it anticipates when the two telecom giants combine. The stocks of Rogers (0.53 per cent), Shaw (1.59 per cent) and Quebecor (3.2 per cent) all closed up Friday on the Toronto Stock Exchange.
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