The takeover is in danger of running past the companies’ self-imposed Jan. 31 deadline
is at risk of running past the companies’ self-imposed Jan. 31 deadline, raising questions about when a deal that has been in the works for close to two years will cross the finish line.
Although Quebecor has already agreed to those conditions, Mr. Champagne told the Toronto Star on Thursday that he wants to ensure they are enforceable. He has also indicated that he is in no rush to approve the deal, noting that as a regulator, he is not bound by the companies’ deadline. In order to approve the takeover, Mr. Champagne has to allow the transfer of Shaw’s wireless licences to Videotron.
Mr. Champagne has also said he is closely examining the reasoning behind the Federal Court of Appeal’s Jan. 24 decision to uphold the Competition Tribunal’s ruling in favour of the takeover. The Competition Bureau had petitioned the court to overturn the ruling, which found that the deal was unlikely to materially increase Canadians’ cellphone bills.
The minister is facing political pressure not to rush his approval, with several Conservative members of Parliament publishing an open letter urging Mr. Champagne to wait for the outcome of an investigation by Canada’s telecom regulator. The Canadian Radio-television and Telecommunications Commission has already approved the takeover and it’s unclear what bearing, if any, the new probe would have on the deal closing.
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.
Canadians ‘don’t trust’ Rogers-Shaw deal, Liberal MP tells Rogers executivesThe Competition Bureau opposed the merger but was overruled by the Competition Tribunal and the court.
Read more »
Canadians ‘don’t trust’ Rogers-Shaw deal, Liberal MP tells Rogers executivesThe Competition Bureau opposed the merger but was overruled by the Competition Tribunal and the court.
Read more »
‘Stop it in its tracks:’ Critics weigh in on final stage of Rogers-Shaw mergerWitnesses tell House of Commons industry committee what Innovation Minister should consider as he makes a call on the blockbuster takeover
Read more »
Industry minister says he’s in no hurry to sign off on Rogers-Shaw mergerIndustry Minister François-Philippe Champagne told the Star that he has looked at —but wants to more fully understand — Tuesday’s decision by the Federal Court of Appeal that approved the merger of the two communications giants.
Read more »
On Rogers-Shaw, Champagne faces policy choiceLast month the Competition Tribunal rejected the Competition Bureau's case against the merger, which the Federal Court of Appeal upheld Jan. 24, and now it is at the finish line, pending Champagne’s blessing.
Read more »
Terence Corcoran: The swarming of Rogers-Shaw in sonnet formAgencies, activists, corporatists, politicians, and more are swarming around the Rogers\u002DShaw merger like bees around a nest. Read more.
Read more »