The proceeding is the antitrust bureau’s latest attempt to kill the deal, saying the transaction will lessen competition in Canada’s telecoms industry
The proceeding in a Federal Court of Appeal in Ottawa is the antitrust bureau’s latest attempt to kill the deal, saying the transaction will lessen competition in Canada’s telecoms industry, which has some of the highest mobile bills in the world.
Announced nearly two years ago, the deal has become a test case for the competition bureau’s ability to increase choices for consumers in Canada, where a handful of companies control large swaths of businesses. Rogers offered to sell Shaw’s Freedom Mobile unit to Quebecor’s Videotron for $2.85-billion to address anti-competition concerns, but the competition bureau argued that a merged Rogers-Shaw would not have a viable competitor in Quebecor. Shaw and Rogers intend to finalize the deal by Jan. 31, though the deadline can be extended in agreement with Quebecor.
“It’s possible that the FCA could hear the arguments and render its decision without even listening to the companies or the hearing could run its course on Jan. 24 with a decision from the bench at its conclusion,” National Bank of Canada analysts said in a note last week.
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