Sunday, May 22, 2022

Competition Bureau looks to block Rogers-Shaw deal

The Competition Bureau says it has filed an application to block Rogers Communications Inc. from buying Shaw Communications Inc., saying the transaction would result in higher prices, poorer service quality and fewer options, especially in wireless services.

The bureau on Monday challenged the $26 billion acquisition and asked the competition tribunal to stop it from going ahead. The bureau says it is also requesting an injunction to prevent the parties from closing the deal until its application is heard.

The federal regulator alleges that removing Shaw as a competitor threatens to undo the progress it has made in introducing more competition in the wireless services market, where Rogers, Bell and Telus serve about 87 percent of Canada’s customers. We do.

Read Also:  Alberta is projected to reach Omicron's peak for post-secondary students to stay online

The Bureau’s investigation determined that the proposed acquisition would eliminate “an established, independent and under-priced” competitor in the Shaw-owned Freedom Mobile. It says it will also prevent other competition in wireless services in Ontario, Alberta and British Columbia and suppress further competition in areas including 5G.

“The Competition Bureau conducted a rigorous investigation of the proposed Rogers-Shaw merger and concluded that it would substantially prevent or reduce competition in wireless services,” Competition Commissioner Matthew Boswell said in a statement. “Eliminating Shaw will remove a strong, independent competitor in the Canadian wireless market – one that has lowered prices, made data more accessible, and provided innovative services to our customers. We are an essential We are taking action to block this merger in order to maintain competition and choice for the service, which Canadians hope is affordable and of high quality.

Read Also:  Vancouver: the epicenter of China's huge effusion of Fentanyl in North America
Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here