Home Technology Competition Bureau, Rogers and Shaw to participate in tribunal mediation

Competition Bureau, Rogers and Shaw to participate in tribunal mediation

2 min read
Comments Off on Competition Bureau, Rogers and Shaw to participate in tribunal mediation
0
34


Rogers, Shaw, and the Competition Bureau have agreed to take part in a mediation process over the two companies’ $26-billion merger.

The tribunal told Reuters the mediation will take place on July 4th and 5th and will be confidential.

The Commissioner of Competition filed an application to block the merger in May, stating the move would decrease competition and lead to pricier wireless services.

The bureau also said the sale of Shaw’s wireless business, Freedom Mobile, to create a fourth competitor in the wireless market won’t be enough to address competition concerns.

Rogers announced it would sell Freedom Mobile to Québecor Inc. for $2.85-billion, but the deal won’t be finalized until it receives regulatory approval.

Both Shaw and Rogers filed responses asking the tribunal to dismiss the commissioner’s application. Shaw’s response stated that the commissioner’s application is based on “fundamental misconceptions” about its business. Rogers called the bureau’s rejection of the sale of Freedom Mobile “unreasonable” and “not supportable at law.”

Source: Reuters





Source link

Load More Related Articles
Load More By 
Load More In Technology
Comments are closed.

Check Also

year JGB yield falls, longer-term notes keep rising

Article content TOKYO — The Japanese government bond market moved in mixed directions on W…