The closing of Rogers Communications’ proposed merger with rivalShaw Communications will again be pushed back, the companies announced as the old deadline arrived on Friday.
The blockbuster $26-billion merger plan will now have until March 31 to close. The announcement comes as Industry Minister Francois-Philippe Champagne weighs whether to give the final sign-off needed for the deal to close.
The merger would see Shaw sell off its Freedom Mobile division to Quebecor Inc.’s Videotron to appease antitrust concerns. Champagne has previously said he would refuse to approve the transfer of wireless spectrum to Videotron unless certain guarantees were given that the carrier would hold onto the licences for a set period of time.
Read more: Rogers-Shaw deal: Champagne says ‘public interest’ key as former deadline arrives Read next: Part of the Sun breaks free and forms a strange vortex, baffling scientists The deal has already gotten the green light from the Canada Radio-television and Telecommunications Commission as well as the Competition Tribunal.