Quebecor Inc. saw an opportunity for Videotron Ltd. to expand its footprint nationally when Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc. was announced in March 2021.
In cross examination during the hearing on the deal Monday, Quebecor CEO Pierre Karl Peladeau confirmed that his company, which owns Videotron, viewed the proposed merger as a chance to potentially enter the wireless market in Western Canada.
Videotron acquired 3500 MHz spectrum in the summer of 2021, concentrated in southern and eastern Ontario, Manitoba, Alberta and British Columbia.The proposed sale of Freedom to Videotron is part of Rogers' strategy to get its broader deal across the finish line. Champagne -- who as minister of innovation, science and industry must approve any spectrum licence transfer -- left the door open to a revised agreement, saying he had two major stipulations.He also said he would “expect to see” wireless prices in Ontario and Western Canada lowered by about 20 per cent, putting them in line with Videotron's current Quebec offerings.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rogers, Shaw families stand to be 'big winners' of merger, Competition Bureau expert tells tribunalRogers\u0027 lawyer notes CRTC approved deal after considering impact on different stakeholders
Read more »
Merger to benefit Rogers and Shaw families, Competition Bureau hearsRogers\u0027 lawyer notes CRTC approved deal after considering impact on different stakeholders
Read more »
New Brunswick seafood giant Cooke Inc. acquires Tassal Group of Australia for $1.5B - BNN BloombergNew Brunswick seafood giant Cooke Inc. says it has completed a C$1.5-billion acquisition of Australian seafood producer Tassal Group Ltd.
Read more »
Rob Shaw: Why David Eby changed his mind on prosecutors and repeat offendersPremier David Eby surprised many on Sunday when he announced a government directive to Crown prosecutors to do more, where possible, on “the risk that repeat violent offenders pose to public safety in British Columbia.
Read more »
Rob Shaw: Premier Eby hits the ground sprinting to catch up to B.C.'s crisesFor most new premiers, their swearing-in day is a leisurely victory lap. Typically, they pose for the cameras, introduce their new cabinet and pat themselves on the back for winning an election or leadership race.
Read more »
Letters to the editor: ‘Is it too much to ask for an official residence that Canadians can be proud of?’ 24 Sussex to close, plus other letters to the editor for Nov. 21In today’s letters to the editor: masks; 24 Sussex; the Emergencies Act; immigration and refugees; doctor shortages; inflation and unemployment; financial literacy; Rogers and Shaw
Read more »