Cable & Telecom

Globalive says its offer for Freedom is still on the table

Adds Competition Act is outdated By Ahmad Hathout TORONTO – Investment company Globalive Capital said yesterday that its offer to purchase Freedom Mobile from a combined Rogers-Shaw entity is still open, as it blasted the prospect of Quebecor’s Videotron acquiring Shaw's wireless company at a discount. “Globalive's bid to purchase Freedom Mobile at a $900 million premium over Videotron remains open, and is a reminder that Canada has choices,” said the statement, which came on the day that the Competition Tribunal wrapped up its hearing on the evidence in Rogers’s pursuit of buying Shaw Communications. Globalive sent a letter to Innovation Canada, the competition...