Industry minister to deliver Rogers-Shaw update at press conference today

OTTAWA –

Federal Industry Minister Francois-Philippe Champagne is about to make an announcement this morning about Rogers Communications Inc.’s proposed $26-billion buy of Shaw Communications Inc.

A senior authorities official, talking on the situation they not be named with the intention to talk about issues not but made public, says the minister will talk about the switch of wi-fi licences at a news convention earlier than the inventory market opens.

The deal was first introduced greater than two years in the past and has been awaiting regulatory approval since then.

A full-scale buy of Shaw by Rogers raised competitors issues, and the unique deal has been revised to incorporate the sale of Shaw’s Freedom Mobile to Quebec-based Videotron.

The CRTC and Competition Bureau have every given the settlement the inexperienced mild.

Champagne should permit the switch of Freedom’s wi-fi spectrum to Videotron earlier than Rogers can full its sale.

Shareholders of the businesses have already accepted the settlement.

The deal was initially slated to shut by June 2022. Rogers and Shaw have delayed that date a number of occasions, most just lately to March 31.

This report by The Canadian Press was first printed March 31, 2023.