News Analysis Canada is abound with industries dominated by a handful of players, resulting in higher prices for consumers, less innovation, and weaker economic growth. Ottawa aims to increase competition by revising its outdated legal framework, but a veteran economist says it’s government actions that have been undercutting competition and continue to do so. “It’s…
Increasing Competition in Canada: Simply Changing the Law Misses the Point, Says Economist
Former Industry Minister Bains Joins Leadership Team as Rogers, Shaw Merge
Rogers Communications Inc. has announced additions to its executive team, including former industry minister Navdeep Bains, as it moves to integrate Shaw into its operations. Rogers got the approval to buyout Shaw on March 31, and it has selected Shaw’s head of operations and technology, Zoran Stakic, to oversee “a seamless transition” in bringing together the…
Rogers-Shaw Deal: Quebecor CEO Agrees to Industry Minister’s Conditions Around Sale of Freedom Mobile
Quebecor Inc. CEO Pierre Karl Péladeau says he intends to accept the conditions laid out by Industry Minister François-Philippe Champagne around the sale of wireless carrier Freedom Mobile to Videotron Ltd., which is part of the proposed $26-billion deal between Rogers Communications Inc. and Shaw Communications Inc. Péladeau said in a statement Tuesday evening that…
Rogers, Shaw, Quebecor Sign Definitive Agreement on Planned Sale of Freedom Mobile
Rogers Communications Inc. and Shaw Communications Inc. have signed a definitive agreement with Quebecor Inc. that will see the Montreal-based telecom company acquire wireless carrier Freedom Mobile Inc. Rogers will sell Shaw-owned Freedom to Videotron Ltd., which is owned by Quebecor, for $2.85 billion in a deal it hopes will appease the concerns of federal…
Rogers Extends Deadline to Close $26-Billion Takeover of Shaw to Dec 31
Rogers Communications Inc. has extended the deadline of its $26-billion proposed merger with Shaw Communications Inc. to Dec. 31 as the company’s second quarter profit jumps. The deadline for the deal to close was previously extended to July 31. On the company’s earnings call with analysts Wednesday, CEO Tony Staffieri said the decision to move…
Industry Minister Suggests Rogers Outage Could Weigh on $26-Billion Shaw Deal
New comments from federal Industry Minister François-Philippe Champagne suggest last week’s massive outage at Rogers Communications Inc. could weigh on the telecom provider’s proposed $26-billion takeover of Shaw Communications Inc. In an interview in Calgary, Champagne said last Friday’s outage that saw more than 12 million Canadians lose cell phone and internet service will be…
Rogers Outage Could Jeopardize Proposed Shaw Acquisition, Say Experts
The Rogers service outage that began July 8 has renewed discussion on the company’s proposed merger with Shaw and whether more competition is needed in the Canadian telecom industry. President and CEO Tony Staffieri issued a statement offering an apology for the outage, saying the company realizes the impact the incident had on people across the country….
Competition Bureau Doubles Down on Objections to Rogers Deal for Shaw
The Competition Bureau has expanded on its opposition to Rogers Communications Inc.’s proposed $26-billion takeover of Shaw Communications in new submissions to the Competition Tribunal ahead of weeks of hearings scheduled to being this fall. In legal filings released after markets closed, the agency challenged Rogers’ claims about efficiencies and said acquiring its closest competitor…
Rogers and Shaw Sign Consent Agreement
Rogers Communications Inc. and Shaw Communications Inc. say they will oppose a hearing by the Competition Tribunal but have agreed not to close their $26-billion merger until objections by the Competition Bureau are resolved. In a statement Monday afternoon, Rogers and Shaw said the agreement with the commissioner of competition, Matthew Boswell, “allows the parties…
Competition Bureau Seeks to Block Rogers-Shaw Deal, Citing Affordability and Choice
The Competition Bureau has filed an application to block Rogers Communications Inc.’s purchase of Shaw Communications Inc. because it claims the transaction would lead to worse service and higher prices, though experts say the move isn’t necessarily the end of the road. The federal regulator is asking the Competition Tribunal to prevent the $26-billion deal…
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