TORONTO – Bloomberg News is reporting that Rogers Communications has launched a lawsuit against Shaw Communications seeking to prevent the latter from purchasing Mountain Cablevision.
According to the story, which is available here, Rogers contended in a hearing yesterday that it has a pre-existing arrangement with the Calgary-based Shaw that neither would infringe on the others’ territories when it comes to expansion in cable.
It wants the $300-million deal stopped so a trial over the Roger-Shaw non compete agreement can happen and lawyers in court yesterday suggested that this is just a first step for Shaw back into Eastern Canada.
More to come.
