Quebecor to intervene in antitrust review of proposed Rogers, Shaw deal
2022.07.08 21:26
FILE PHOTO: The Shaw Communications logo is seen at their office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie
OTTAWA (Reuters) -Quebecor Inc, through its unit Videotron, will intervene in the antitrust review of Rogers (NYSE:ROG) Communications Inc’s C$20 billion ($15.5 billion) purchase of Shaw Communications (NYSE:SJR) Inc, according to a notice posted on Friday on the website of Canada’s competition tribunal.
Last month, Rogers and Shaw agreed a deal with Quebecor to sell Shaw’s Freedom Mobile unit to the Montreal-based company, in a bid to allay competition concerns about their merger.
The Commissioner of Competition has blocked the deal, saying it would hamper competition in a country which has some of the highest telecom rates in the world.
