Rogers, Shaw to Sell Mobile Unit to Quebecor for $2.2 Billion
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Rogers Communications Inc. and Shaw Communications Inc. said they’ve reached a deal to sell Shaw’s wireless division to rival Quebecor Inc., taking a major step in their effort to solve antitrust concerns about their merger.
Quebecor agreed to pay C$2.85 billion ($2.2 billion) for Shaw’s Freedom Mobile unit, the three companies said in a release Friday night. The deal is subject to approval by Canada’s antitrust body and the federal government.