Cable / Telecom News

Rogers and Videotron close deals


TORONTO and MONTREAL -- Rogers and Videotron announced Monday that they have closed their respective purchases of Shaw and Freedom, after the innovation minister blessed the mega-merger on Friday. The parties agreed to a deadline of April 7 to close following the go-ahead decision by Innovation Minister Francois-Philippe Champagne on Friday that put commitments from the companies into legally-binding contracts for a period of 10 years. Those commitments include billions of dollars in investments from Rogers and Videotron providing lower prices compared to the large players outside of Quebec. “This is a momentous day for our customers, who will benefit...