Rogers, Shaw fail to reach agreement with competition regulators on proposed merger

Rogers Communications Inc. and Canada’s competition regulator have not settled their differences over the telecom giant’s proposed $26 billion acquisition of Shaw Communications Inc. after weeks of mediation and talks.

In a joint press release Thursday night, Rogers, Shaw and Quebecor Inc. say they are “disappointed” that the arbitration meeting did not result in a negotiated settlement.

They say they remain committed to completing the transaction.

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The fight is now being postponed to public hearings before the competition court, which are scheduled to begin on November 7 and could drag on until mid-December.

The Competition Bureau has tried to block the deal, arguing that the transaction would result in worse service and higher prices for consumers.

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Earlier this week, Industry Minister Francois-Philippe Champagne set new terms for the deal, specifically targeting the sale of Shaw-owned wireless operator Freedom Mobile to Quebecors Videotron, a key component of the proposed transaction.

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Ottawa rejects Rogers-Shaw deal

© 2022 The Canadian Press

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