Rogers-Shaw settlement removes major hurdle after Competition Court rules in favor

The Competition Court rejected an application from Canada’s competition watchdog seeking to block Rogers Communications Co proposed to buy 26 billion USD Shaw Media Coclear the way for the deal to go through.

It still needs the approval of Innovation, Science and Economic Development Canada.

In a summary of the decision released on Thursday, the Court said that merging the two telecommunications companies would not result in significantly higher prices.

Read more:

Rogers-Shaw Agreement: Court concludes competition hearings, no decision date set

The decision said the deal included the sale of Shaw-owned Freedom Mobile to Videotron Ltd. owned by Quebecor would not be able to prevent or substantially reduce competition.

It said that a more detailed decision would be made in the next two days.

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The Competition Court held four weeks of hearings to discuss concerns about the proposed settlement earlier this year.

During the hearing, the Competition Bureau argued that the merger would reduce competition in the telecommunications market, drive prices higher and lead to poor service.

Rogers and Shaw argue that the deal will enhance competition and be better for consumers.

Click to play video: 'Rogers extends deadline to complete Shaw takeover, plans to spend $150 million on customer credits'

Rogers extends deadline to complete Shaw takeover, plans to spend $150 million on customer credits

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