Rogers Communications Inc.’s contested $26-billion takeover of Shaw Communications Inc. will head to mediation next month as the two telecoms seek to avoid a lengthy Competition Tribunal hearing.
The Competition Bureau is attempting to block the merger of Canada’s two largest cable companies, arguing that the deal would lead to higher prices, poorer service and fewer choices for consumers, particularly for wireless services.., which owns Montreal-based cable company Videotron Ltd., for $2.85-billion in order to address those concerns. Freedom is Canada’s fourth-largest carrier, with 1.7 million customers in Ontario, Alberta and B.C.
There is no guarantee that the mediation process will result in a settlement. During the process, the parties will first exchange mediation briefs summarizing the situation and proposing a resolution. They will then participate in a pre-mediation conference to discuss the mediation schedule and other matters.
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Rogers, Shaw, watchdog agree to mediation for proposed $20-billion mergerCanada’s competition bureau has blocked Rogers’ proposed purchase of Shaw on the grounds that it will lessen competition in the telecom sector cellphone and internet bills are already crazy in canada. dont let rogers monopolize the market making it even less affordable. increase competition! They need to stop the merger and allow more competition.
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Rogers matriarch Loretta Rogers wielded a quiet powerLoretta Rogers was the co-founder and longest-serving director of the company, where a bitter and very public conflict erupted last fall that divided the family An acquaintance told me a story told to him by Loretta directly that when the business started, she and Ted would sit in the dining room at the end of the month with 2 piles of bills, 1 pile they could pay and the second they could not. This is entrepreneurship at the very edge.
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