The Competition Tribunal has dismissed an software from Canada’s competitors watchdog looking for to dam Rogers Communications Inc.’s proposed $26-billion buy of Shaw Communications Inc., clearing a path for the deal to undergo.
It nonetheless requires approval from Innovation, Science and Economic Development Canada.
In a abstract of its choice launched Thursday, the Tribunal says the merger of the 2 telecommunications corporations wouldn’t lead to materially larger costs.
Read extra:
Rogers-Shaw deal: Tribunal wraps competitors hearings, no date set for choice
Read More
The choice says the deal that features the sale of Shaw-owned Freedom Mobile to Quebecor-owned Videotron Ltd. would not going stop or reduce competitors considerably.
It says a extra detailed choice can be launched within the subsequent two days.
The Competition Tribunal held 4 weeks of hearings to debate considerations in regards to the proposed deal earlier this yr.
Throughout the listening to, the Competition Bureau argued the merger would reduce competitors within the telecom market, set off larger costs and result in poor service.
Rogers and Shaw argued the deal would improve competitors and be higher for shoppers.
