Rogers, Shaw say mediation didn’t resolve watchdog’s objections
BNN Bloomberg
Rogers and Shaw were unable to resolve concerns about their tie-up in mediation with the country’s competition watchdog, the companies said Wednesday.
Rogers announced its $20-billion friendly takeover arrangement with Shaw in March 2021.
While the transaction has been approved by the Canadian Radio-television and Telecommunications Commission, it still requires the blessing of Canada’s industry minister and the Competition Bureau.
Competition Commissioner Matthew Boswell has objected to the deal, saying it would lessen competition, regardless of Rogers’ plan to divest Shaw’s Freedom Mobile wireless business.
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