Bell joins Quebecor, TekSavvy in opposing Rogers/Shaw merger

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Bell has reportedly joined the refrain of voices renouncing fellow telecom big Rogers’ acquisition of Shaw Communications, based on a submitting obtained by The Globe and Mail.

In the submitting, which was submitted to the Canadian Radio-television and Telecommunications Commission, Bell allegedly argues that the takeover would give Rogers management over almost half of the nation’s English-language tv distribution market, together with cable, satellite tv for pc and web.

Announced in March 2021, the Rogers/Shaw merger is valued at a whooping $26 billion, together with debt, and is at the moment beneath overview by Canada’s Competition Bureau.

While the deal is already signed, the acquisition nonetheless must be authorized by federal regulators — a activity that has confirmed troublesome as telecom carriers and trade specialists alike are vocally warning that the acquisition will quash competitors and result in greater costs for shoppers.

Analysts are suggesting that the deal could be allowed to undergo if Rogers evens the scales by divesting itself of Shaw’s wi-fi properties, Freedom Mobile and Shaw Mobile.

Bell’s official stance towards the merger is attention-grabbing, provided that the corporate made — and later withdrew — its personal provide to purchase Shaw previous to Rogers sealing the deal.

The public listening to for the Rogers/Shaw acquisition is scheduled for November twenty second, 2021.

Source: The Globe and Mail

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Written by Gideon


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