Canada\u0027s competition watchdog says it still intends to block Rogers\u0027 proposed takeover of Shaw in Day 1 of a weeks\u002Dlong hearing.
In its opening argument Monday, the Competition Bureau reiterated its position that the planned sale of Shaw-owned wireless carrier Freedom Mobile to Quebecor Inc.’s Videotron Ltd. is not enough to eliminate its concerns that the broader merger would lead to worse services and higher prices for consumers.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.
It also notes that even with the sale of Freedom, Rogers will still be acquiring customers from Shaw Mobile. The sale of Freedom Mobile to Videotron would see Quebecor buy all of Freedom’s branded wireless and internet customers as well as all of Freedom’s infrastructure, spectrum and retail locations in a move that would expand Quebecor’s wireless operations nationally.
The Competition Bureau is one of three regulatory agencies that must approve the deal before it can close, in addition to the CRTC and Innovation, Science and Economic Development Canada.Rogers is hoping to close the Shaw deal by the end of the year, with a possible further extension to Jan. 31, 2023.
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