Deals
Rogers’s Shaw Bid Has ‘Serious’ Competition Issues, Canada Says
- Champagne calls review of Shaw takeover a landmark decision
- Trudeau government wants to bring wireless prices down by 25%
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Rogers Communications Inc.’s proposed takeover of Shaw Communications Inc. creates “very serious” competitive issues for Canadian officials weighing whether to let the deal proceed, Innovation Minister Francois-Philippe Champagne said.
Consumer prices are among the central questions in the review, according to Champagne, the point person on the case for Prime Minister Justin Trudeau. The government’s decision will be a landmark with lasting consequences for the telecommunications industry, Champagne said in an interview with Bloomberg News on Tuesday.