Talks between the Competition Bureau and Rogers Communications Inc. and Shaw Communications Inc. failed to resolve objections to merger.
Carleton University professor Dwayne Winseck said the result suggests the proposed sale of wireless carrier Freedom Mobile to Quebecor Inc. is not enough to ease the regulator’s concerns about the proposed merger, especially since the Shaw Mobile business would be retained.
“The Competition Bureau has laid its case against the proposed merger on the grounds that the whole thing is deeply problematic … and just chopping off bits and pieces of it are probably not going to be good enough.” In their statement, Rogers and Shaw said the review process of their deal would continue as previously disclosed, adding that they are open to continuing talks with the regulator at any time.
Morningstar analyst Matthew Dolgin didn’t have high hopes for mediation, but still viewed the lack of a resolution as a negative for the fate of the deal since it was another avenue that could have moved it forward.
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