Competition Bureau obtains court docket orders to advance overview of proposed Rogers-Shaw deal

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Canada’s Competition Bureau obtained court docket orders to advance its overview of the proposed Rogers-Shaw acquisition.

In a launch, the bureau reiterated that it was investigating Rogers’ proposed acquisition. Specifically, it plans to have a look at whether or not the transaction is more likely to result in considerably much less competitors, or forestall competitors, for providers supplied by the businesses. That contains cell wi-fi, wireline and broadcasting providers.

Further, the Bureau famous that orders granted by the Federal Court of Canada on July twenty sixth and August 1st, 2021, require a number of corporations to provide data and written data associated to cell wi-fi providers which are related to the bureau’s investigation.

Those corporations embody:

  • Xplornet Communications Inc.
  • BCE Inc. (Bell)
  • Telus Corporation
  • Quebecor Inc. (Vidéotron)

Finally, the bureau famous that its overview of the proposed acquisition is ongoing. Previously, it promised MPs that it might conduct an intensive overview of the Rogers-Shaw deal.

News concerning the proposed acquisition broke in March 2021 when Rogers signed an settlement to accumulate Shaw, which owns Freedom Mobile, in a deal valued at $26 billion. The information got here after Rogers repeatedly tried to accumulate Cogeco in 2020.

Following the announcement, the Competition Bureau reported a “higher than normal volume” of suggestions associated to the Rogers-Shaw deal. Around the identical time, TekSavvy and Quebecor appeared in a digital listening to with the Industry, Science and Technology Committee in Ottawa the place they warned MPs concerning the penalties of the proposed deal and potential hurt to customers. The warnings got here after Rogers and Shaw testified that the deal would enhance competitors.

It’s price noting that Quebecor additionally testified that if Freedom Mobile have been bought as a substitute of included within the Rogers acquisition, the deal could be acceptable. In mild of Vidéotron’s feedback following the current 3500MHz spectrum public sale, it appears Quebecor needs to increase providers to different provinces and turn into a fourth main participant within the Canadian telecom house. However, a lot of that plan appears to hinge on the potential acquisition of Freedom Mobile.

Also fascinating to notice is that Bell made a proposal to buy Shaw as effectively.

So far, Shaw shareholders have voted in favour of the Rogers takeover and the corporate obtained approval from Alberta’s Court of Queen’s Bench. The proposal nonetheless requires approval from the CRTC, Competition Bureau and the division of Innovation, Science and Economic Development.

What do you think?

Written by Gideon


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