The moves come after Quebecor’s Videotron bought Freedom Mobile for $2.85 billion in April
. The acquisition was prompted by Rogers Communications Inc.’s takeover of Shaw Communications Inc., which agreed last year to sell Freedom Mobile in an attempt to ease competition concerns as a requirement for the merger.Article content
The company committed to expand its 5G wireless network in Freedom Mobile’s pre-existing operating territory within two years. It must also increase data allotments of existing Freedom Mobile customers by 10 per cent in the short-term while it invests to bring down prices overall. Earlier this week, the federal telecommunications regulator ruled in a final offer arbitration proceeding between Quebecor and Rogers, which was requested by the companies just days after Videotron acquired Freedom Mobile from Shaw.
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