As Rogers-Shaw deadline arrives, Ottawa set for announcement on telecom – National | 24CA News
The federal authorities is ready to make a telecom announcement amid a pending deadline in regards to the proposed $26-billion merger of Rogers Communications Inc. and Shaw Communications Inc.
Industry Minister Francois-Philippe Champagne will make an announcement Friday morning on “competitiveness in the telecommunications sector,” in line with a media advisory that didn’t point out the Rogers-Shaw deal.
However, his announcement comes on the identical day because the closing deadline of the multi-billion greenback merger.
The deal was initially scheduled to shut by the top of 2022, however the deadline has been pushed a number of instances over the previous yr awaiting last approvals.
Champagne had stated earlier in January {that a} resolution in regards to the proposed takeover can be made “in due course.”
He advised a committee in February that he was “not near a decision” and doesn’t really feel certain by the businesses’ deadlines.
Ottawa’s resolution whether or not to approve the takeover will deal with ensuring it’ll present extra competitors and affordability for Canadians, Champagne has beforehand stated.
The deal has already gotten the inexperienced gentle from the Canada Radio-television and Telecommunications Commission, in addition to the Competition Tribunal.
Shaw Communications and Corus Entertainment, the mother or father firm of Global News, are owned by the Shaw household based mostly in Calgary.
— With information from Global News’ Craig Lord
© 2023 Global News, a division of Corus Entertainment Inc.
