Rogers signs agreement to acquire Shaw Communications in deal valued at $26 billion
The acquisition is subject to regulatory approval
Toronto-based national carrier Rogers has signed a deal to purchase Shaw Communications in a transaction valued at $26 billion.
The carrier says the acquisition will build on the legacy of two family-founded Canadian companies and that together, they will have the capability to deliver unprecedented wireline and wireless broadband and network investments.
Rogers has stated that it will not increase wireless prices for Freedom Mobile customers for at least three years following the close of the transaction.
âWithout a doubt, my father would be proud of this moment, combining forces with the company founded by his old friend to deliver more Canadians world class connectivity, more choice, and better value,â said Shaw Communications CEO Brad Shaw in a press release.
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