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Search resuls for: "Divya Rajagopal Akriti Sharma"


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☆ Canada's antitrust tribunal clears C$20 bln Rogers-Shaw deal
  + stars: | 2022-12-30 | by ( Divya Rajagopal Akriti Sharma | Divya Rajagopal | Akriti Sharma | ) www.reuters.com   time to read: +3 min
Rogers-Shaw and Quebecor await approval from Industry Minister François-Philippe Champagne to transfer Freedom Mobile Inc's spectrum license to Videotron. However, in its Thursday ruling, the tribunal said acquiring Freedom Mobile would allow Videotron to expand in new markets and ensure robust competition. The antitrust commissioner could still appeal after the tribunal details its decision over the next couple of days. The objection by the Competition Bureau was the main hurdle to overcome," Cormark Securities analyst David McFadgen said. He said there are "significant" revenue synergies for Rogers from bundling services, while Quebecor has better growth prospects from the Freedom Mobile deal.
☆ Canada's antitrust tribunal clears $14.8 bln Rogers-Shaw deal
  + stars: | 2022-12-30 | by ( Divya Rajagopal Akriti Sharma | Divya Rajagopal | Akriti Sharma | ) www.reuters.com   time to read: +3 min
The two companies had appealed the tribunal after the competition bureau rejected Shaw's proposal to sell Freedom Mobile Inc to rival Quebecor Inc's (QBRb.TO) Videotron unit for C$2.85 billion to facilitate the deal. However, in its Thursday ruling, the tribunal said such a sale would allow Videotron to expand in new markets and ensure competition remains robust. "I am very disappointed that the Tribunal is dismissing our application to block the merger between Rogers and Shaw," Matthew Boswell, Commissioner of Competition, said. The antitrust commissioner could still appeal after the tribunal lays out the details of its decision over the next couple of days. Rogers-Shaw and Quebecor now await approval from Industry Minister François-Philippe Champagne to transfer Freedom Mobile's spectrum license to Videotron.
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