Calgary-based Shaw is in terminal decline, and letting Rogers buy its remains is good for consumers, Rogers said in its written closing arguments defending the acquisition to the Competition Tribunal. Selling Shaw’s Freedom Mobile division to Videotron will create a vigorous and disruptive competitor in the bargain, the telecom giant added. (The Logic)
Talking point: None of that is true, the Competition Bureau argued in its own submission, attempting to stop the $26-billion merger. Shaw executives who will get “multimillion-dollar golden parachutes” out of the deal delivered “self-serving words” in testimony that are at odds with documents created in the ordinary course of Shaw’s and Rogers’s businesses and presented as evidence, the bureau argued. Furthermore, it said, Videotron can’t be as disruptive a player as Shaw already is. The tribunal is to hear the arguments formally over two days next week.