Philippe Champagne Canada city Rogers Ottawa Canada News Philippe Champagne Canada city Rogers Ottawa

Rogers-Shaw deal approved by Ottawa in blockbuster telecom merger

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Rogers Communications Inc.’s proposed takeover of Shaw Communications Inc. will go ahead after it received the final sign-off it needed from Industry Minister Francois-Philippe Champagne.He called the merger a “watershed moment” for the telecom sector that he claimed would drive wireless prices down for Canadians while growing the combined firm’s overall headcount.The merger, a union between two Canadian telecom giants valued at $26 billion, including debt, has changed significantly in response to political and industry pressure since it was first announced in March 2021.The final permutation of the merger will see Shaw sell its Freedom Mobile business and transfer wireless spectrum to Quebecor’s Videotron as the latter seeks to expand outside Quebec.Champagne’s approval came on the companies’ March 31 deadline to close the transaction.

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