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Search resuls for: "Divya Rajagopal Dan Whitcomb"


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Oct 25 (Reuters) - Canada on Tuesday imposed conditions on Rogers Communications' (RCIb.TO) proposed remedy to overcome competition bureau concerns about Rogers' planned C$20 billion ($14.7 billion) purchase of rival Shaw Communications (SJRb.TO). Rogers has offered to sell Shaw's Freedom Mobile unit to Quebecor Inc's (QBRb.TO) Videotron to allay the antitrust bureau's concerns over reduced competition in the Canadian market following the Shaw deal. Canadian Industry Minister François-Philippe Champagne told a media conference on Tuesday that Videotron would be required to hold the Freedom Mobile unit for at least 10 years. Champagne also said the government has formally rejected the wholesale transfer of wireless spectrum license from Shaw to Rogers under the original deal. Canada Competition Bureau has said the sale of Freedom Mobile to Videotron is not sufficient to overcome its concerns about market concentration.
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