Rogers’ $16 Billion Bid for Shaw Jolts Canada Wireless Sector
- Wireless competition concerns hang over communications deal
- Deal unites firms controlled by prominent business families
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Rogers Communications Inc. agreed to buy rival Shaw Communications Inc. in a $16 billion deal that shakes up Canada’s communications sector and sets up a tough decision for regulators and Justin Trudeau’s government.
The proposed merger of companies controlled by two of Canada’s most powerful business families would be one of the biggest deals ever in the Canadian telecom industry. It would have Rogers, the country’s No. 1 wireless provider with 10.9 million subscribers, swallow Shaw’s Freedom Mobile division, the fourth-largest provider in some markets.