Rogers acquires rival Shaw in Canadian telecoms shake-up

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BENGALURU/OTTAWA: Rogers Communications Inc said on Monday it was buying rival Shaw Communications Inc for about C$20 billion (RM66.13 billion) in a d...

A sign outside a Rogers Communications retail store in Ottawa, Canada. – REUTERSPIXRogers Communications Inc said on Monday it was buying rival Shaw Communications Inc for about C$20 billion in a deal that would create Canada's second-largest cellular and cable operator but might attract stiff regulatory scrutiny.

The deal, if completed, would be the biggest Canadian telecoms merger since BCE completed the spinoff of its stake in Nortel Networks in a transaction valued at C$88.7 billion, according to Refinitiv data. Canadian Innovation Minister Francois-Philippe Champagne said the review would focus on “affordability, competition, and innovation.”

 

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