Political optics is likely a factor Canada’s industry minister is considering as he mulls whether to approve Rogers Communications Inc.’s $20-billion acquisition of Shaw Communications Inc., according to an expert in business mergers.
The historic, drawn-out deal between the two telecommunications rivals has cleared its biggest legal hurdles, but the sale’s closing date has been extended multiple times, now to March 31, as it awaits final approval from Industry Minister François-Philippe Champagne.
“He doesn't want to look like he's being easy on big and he wants to make sure that the public realizes that he's taking his time.” In rejecting Boswell’s arguments, Federal Court Chief Justice Paul Crampton wrote in December that the sale is not likely to substantially lessen competition, result in “materially higher prices” or lead to other service impacts.
Glick said details about such business transactions can usually be finalized after closing, but in this high-profile case Champagne probably wants to iron out the fine print about how the conditions of the agreement will be enforced.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rogers and Shaw defend Videotron deal in new CRTC filingsIndependent internet service provider TekSavvy argues terms of the agreements between Rogers and Videotron run afoul of the Telecommunications Act
Read more »
Rogers-Shaw takeover: Expert says industry minister likely mulling optics of approval - BNN BloombergPolitical optics is likely a factor Canada’s industry minister is considering as he mulls whether to approve Rogers Communications Inc.’s $20-billion acquisition of Shaw Communications Inc., according to an expert in business mergers.
Read more »
Spotlight: Elgin Street Mission receives major assist from Greater Sudbury Cubs & SmartCell CommunicationsElgin Street Mission receives major assist from Greater Sudbury Cubs & SmartCell Communications
Read more »
Emergency communications front of mindWith earthquakes rocking Turkiye and Syria, people on Vancouver Island are preparing and learning forms of emergency communication.
Read more »
Rogers argues wholesale agreements with Vidéotron not unduly preferential in CRTC filingThe filing comes after TekSavvy alleged that a deal between Rogers and Vidéotron violates a section of the Telecommunications Act. Read more.
Read more »
Rogers argues wholesale agreements with Vidéotron not unduly preferential in CRTC filingThe filing comes after TekSavvy alleged that a deal between Rogers and Vidéotron violates a section of the Telecommunications Act. Read more.
Read more »