Rogers $16 billion bid for Shaw shakes up Canadian telecoms industry, may irk regulators reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Publishing date: Mar 16, 2021 • 5 days ago • 3 minute read • Rogers agreed on Monday to buy Shaw in a deal that would create Canada s second-largest cellular and cable operator, but the Canadian government was quick to say it would attract stiff regulatory scrutiny. Photo by Peter J. Thompson/National Post
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TORONTO Rogers Communications Inc.’s efforts to secure its $20 billion (US$16 billion) acquisition of Shaw Communications Inc. could be insufficient to overcome regulatory hurdles and political opposition amid concerns Canadians face some of the world’s highest phone bills.
Rogers agreed on Monday to buy Shaw in a deal that would create Canada’s second-largest cellular and cable operator, but the Canadian government was quick to say it would attract stiff regulatory scrutiny.
Rogers Communications Inc's efforts to secure its C$20 billion ($16 billion) acquisition of Shaw Communications Inc could be insufficient to overcome regulatory hurdles and political opposition amid concerns Canadians face some of the world's highest phone bills.