Rogers, Shaw, and Quebecor’s Videotron announced today that they have agreed to extend the closing date of their transactions to February 17.
The expected closing date of Rogers acquiring Shaw and Videotron acquiring Shaw’s Freedom Mobile assets was January 31, which was set before the Competition Bureau appealed a decision of the Competition Tribunal that denied its petition to block the deal. The Federal Court of Appeal upheld the tribunal’s decision last week, and the bureau said it will not appeal to the Supreme Court.
The transfer of Freedom’s assets to Videotron must now be approved by Innovation…
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MPs will discuss the deal on Monday, letter says
By Ahmad Hathout
OTTAWA — Five members of Parliament sent a letter dated today to Innovation Minister Francois-Philippe Champagne urging him not to approve the transfer of Freedom’s spectrum assets to Videotron until a “free and open” process, approved by the Competition Bureau, is held to determine the suitor of the assets.
During a House industry committee hearing Wednesday, some MPs were concerned as to how Rogers ended up getting to pick Videotron as the buyer of Freedom to complete its acquisition of Shaw (the bureau has remained steadfast in…
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OTTAWA – The CRTC has sent a letter to the largest carriers requesting a status update on negotiations for access to their wireless networks by mobile virtual network operators.
The letter, dated yesterday, asks Bell, Rogers, Telus and SaskTel to provide the commission by February 8 a list of regional carriers that have made requests to begin negotiations for that access and when those requests were made; the current status of any negotiations and whether rates have been discussed; and a timeframe for when they expect agreements can be executed.
If the parties cannot come to an agreement on rates, they…
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OTTAWA – Innovation Canada announced yesterday that it has awarded 27 licences in a set of residual spectrum in various bands to nine applicants, netting $30 million.
Residual spectrum are frequencies that have either gone unsold in previous auctions or were returned to the government. In this case, the government was making available 42 licences in the 600 MHz, 2500 MHz and 3500 MHz bands.
Bell spent $10.6 million for the greatest number of licences at eight to cover a population of 1.6 million; Videotron spent $9.9 million for seven licences to cover a population of 1.3 million; Rogers spent $2.6…
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By Ahmad Hathout
OTTAWA – Members of the House industry committee took issue today with Rogers being allowed to choose Videotron as its competitor to complete its acquisition of Shaw, with one member of Parliament saying it “boggles the mind” to think Rogers would sell Freedom for less if it meant more competition.
Today’s hearing was the committee’s second round at the Rogers-Shaw merger, this time with the new development that Videotron agreed to purchase Freedom from Shaw for nearly $3 billion. It also comes a day after the Federal Court of Appeal upheld a…
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OTTAWA – Rogers’s proposed purchase of Shaw faces just one more hurdle: the innovation minister’s approval of the transfer of Freedom spectrum assets to Videotron, which agreed to purchase the company for nearly $3 billion.
The deal’s prospects improved dramatically when it survived a Competition Bureau challenge at the Federal Court of Appeal, which denied yesterday a request to find in error the Competition Tribunal’s approval of the deal. Even more so when the bureau announced late last evening that it will not appeal the court’s decision.
But now scrutiny will be leveled against it…
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By Pierre Karl Péladeau, president and CEO of Quebecor, who is set to appear before the House industry committee today in the Rogers-Shaw hearing
In 2007, under the leadership of the late Jim Prentice, the government of Canada decided on a competitive policy in the wireless industry for the benefit of Canadians. If the Big 3 had not been required to allow access to their networks at that time, Videotron would not have been able to substantially reduce wireless prices within its historical footprint and invest $3.5 billion to build out its own network, innovate, and offer Quebecers bundled multiservice…
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By Ahmad Hathout
OTTAWA — The Competition Bureau will not challenge a decision by the Federal Court of Appeal today that summarily rejected its arguments against a Rogers acquisition of Shaw, thereby leaving only the minister of innovation to approve or deny the deal.
“We are truly disappointed that the Federal Court of Appeal has dismissed our appeal of the Competition Tribunal’s decision in Rogers-Shaw,” Competition Commissioner Matthew Boswell said in a press release this evening, adding the bureau stands by the findings of its investigation and the decision to challenge the merger.
“We continue to disagree with the…
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The court did not need to hear from merging parties
By Ahmad Hathout
OTTAWA – The three-justice panel of the Federal Court of Appeal that initially went for a two-hour lunch during today’s hearing came back 45 minutes later than expected and delivered a verdict from the bench to reject the Competition Bureau’s challenge to a decision by the Competition Tribunal last month that allowed the Rogers purchase of Shaw to move forward.
The decision came after about two-and-a-half hours of arguments from the bureau, which failed to convince the court that the tribunal made errors sufficient enough to require it to…
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VANCOUVER – Telus announced today that it has created a new division, called Telus Consumer Solutions, which merges other company segments and creates its first chief product officer position.
Consumer Solutions will bring together Mobility Solutions, Home Solutions, and Customer Excellence into a single team managed by Zainul Mawji, who will be executive vice president and president, a press release said.
Jim Senko, who spent more than two decades with the company and will retire from the company at the end of this year, will be chief product officer and executive vice president of the division. He will “establish an integrated…
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