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Rogers Takeover of Shaw Gets New Conditions From Canada

  • Buyer of Shaw wireless licenses must hold them for 10 years
  • Quebecor CEO says he’ll agree to new government terms
Rogers Turmoil Deepens As Deposed Chair Vows To Take Control
Photographer: Cole Burston/Bloomberg
Updated on

The Canadian government imposed new conditions on Rogers Communications Inc.’s $14.7 billion takeover of rival Shaw Communications Inc., saying that a divestiture of Shaw’s wireless assets to another firm must guarantee better prices for consumers.

Rogers and Shaw have agreed to sell most of Shaw’s wireless division to Quebecor Inc. to resolve a legal challenge from Canada’s Competition Bureau, which is trying to block their merger on the grounds that it will harm competition in the sector.