TSX:RCI.A - Post Discussion
Post by
Mrlongpants on Sep 06, 2022 2:09pm
GLTALongs.
Sept 6 (Reuters) - The sale of Shaw Communications Inc unit Freedom mobile to Quebecor Inc was not enough to eliminate antitrust concerns with the proposed C$20 billion ($15.21 billion) purchase of Shaw by Rogers Communications Inc, Canada's competition watchdog said.
"Such a divestiture will not replace the significant and growing competition Shaw Mobile was delivering and would continue to deliver in Alberta and British Columbia, and it would make Freedom Mobile a substantially weaker competitor than it would have been but for the proposed transaction," the watchdog said in a document posted on the website of Canada's competition tribunal on Tuesday.
($1 = 1.3153 Canadian dollars) (Reporting by Ismail Shakil in Ottawa Editing by Chris Reese)
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