By Ahmad Hathout
OTTAWA – Underlying witness testimony at Wednesday’s Standing Committee on Industry, Science and Technology meeting into the proposed merger between Rogers and Shaw was the message that there are things the government can control in the event the massive cable and wireless combination gets regulatory approval.
That includes policies on requiring facilities-based telecoms to negotiate with service-based mobile virtual network operators (MVNOs), which the CRTC is still reviewing, and which federal cabinet can send back if it doesn’t like the Commission’s call; spectrum transfers and radio wave restrictions on the merging entities; open access to towers and backhaul…
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Merger presents a great opportunity for Minister Champagne
By Konrad von Finckenstein
ROGERS COMMUNICATIONS ANNOUNCED on March 15th its intention to buy Shaw Communications for $26 billion, and of course the transaction must be approved by the CRTC, the Competition Bureau and the Minister of Industry, Science, and Innovation.
The three entities will undoubtedly consult with each other and co-operate. Logically the Competition Bureau would go first, the CRTC second and the Minister last.
The CRTC approval should be relatively routine. Shaw is a BDU but has no broadcasting assets, having divested them to Corus. Thus, there are no benefits payable under CRTC…
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By Ken Kelley
TORONTO – Bell Canada CEO Mirko Bibic insists his company isn’t the least bit troubled about the potential tie-up between Rogers and Shaw. While the jury – namely the CRTC, the Competition Bureau and ISED – considers the ramifications of such a deal upon the Canadian competitive landscape, Bibic says Bell plans to continue pushing forward and won’t let the merger distract from its normal course of business.
“ doesn’t change our strategy at all. In fact, I think it reinforces that we’re on the right track,” Bibic said during his appearance at Scotiabank’s 24th annual…
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Trying to make 2+2=5
By Greg O’Brien
OTTAWA – There’s essentially nothing the politicians can do directly about the proposed purchase of Shaw Communications by Rogers Communications because the arbiters are the CRTC, Competition Bureau and ISED. But that would never stop them from extracting their pound of flesh from powerful CEOs, if they so desire. And they desired.
So it was on Monday when Joe Natale, president and CEO of Rogers Communications, and Brad Shaw, CEO of Shaw Communications (along with other senior executives) faced the Standing Committee on Industry, Science and Technology and attempted to explain to mostly dubious MPs…
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By Ken Kelley
MONTREAL – Not that we expected otherwise, but there was no dodging the Rogers-Shaw elephant in the room when Cogeco president and CEO Philippe Jetté spoke during the Desjardins’ Group annual Industrials, TMT & Consumer virtual conference Tuesday.
In fact the session’s moderator, analyst Jerome Debreuil, ripped off the band-aid straight away, asking Jetté if he expected Cogeco would be interested in bidding on any wireless assets Rogers may be forced to divest as part of the tie-up.
“There’s a great deal of uncertainty as far as we’re concerned, as to whether the deal will be approved and…
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By Denis Carmel
OTTAWA – On Friday, March 19, during a break week(!), the members of the Standing Committee on Industry, Science and Technology (INDU) of the House of Commons held a meeting at the request of four of its Conservative members to examine the proposed $26-billion acquisition of Shaw Communications by Rogers Communications.
The very busy committee – which has already undertaken studies on competitiveness in Canada, Investment Canada Act, development and support of the Aerospace Industry, front-line grocery store workers, affordable telecom, and domestic manufacturing capacity for a Covid-19 vaccine – agreed the Rogers/Shaw transaction must be looked…
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By Greg O’Brien
TORONTO – Rogers president and CEO Joe Natale surprised more than a few observers on Monday with the announcement his company would purchase Shaw Communications. Not with the deal itself since that had been a rumour for two decades, but with the level confidence he displayed when saying he believes Canadian regulators will, in the end, approve.
That confidence hadn’t wavered when Cartt.ca spoke with him on Wednesday.
The company went out of its way to offer major incentives to Canadians as sweeteners to the deal: A $1 billion broadband fund to deliver broadband to 600,000 un- or…
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By Christopher Guly
OTTAWA – Rogers Communications’ proposed $26-billion purchase of Shaw Communications will reduce competition in Canada’s broadband and wireless sector at a time when the industry’s top players are enjoying record profits, and therefore needs to be opposed by the federal government, according to Windsor, Ontario Member of Parliament Brian Masse, the New Democrat critic for telecommunications.
“We need to have strong direction for the industry that buying each other out is not a solution for lowering prices, increasing access for Canadians and bringing greater accountability to consumers,” he told Cartt.ca in an interview.
The federal government should use…
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And what still stands in their way
By Greg O’Brien
THE PURCHASE OF SHAW by Rogers has been a steady recurrent rumour which would crop up from time to time over the past 23-plus years this reporter has been tracking the industry, meaning Monday’s $26 billion purchase deal by Rogers was a long, long time coming.
In fact, when I first spoke with former Shaw president Peter Bissonnette in late 1997 (so long ago I don’t think he had yet been appointed president), I asked him then about the rumour I heard Rogers would buy Shaw. Too soon. Much too soon,…
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CALGARY and TORONTO — Rogers Communications and Shaw Communications announced today they have reached an agreement for Rogers to acquire all of Shaw’s issued and outstanding Class A and Class B shares in a transaction valued at approximately $26 billion.
The deal agreement will see Rogers pay $40.50 per share in cash, amounting to approximately $20 billion. The transaction total includes approximately $6 billion of Shaw debt.
The Shaw Family Living Trust has already agreed to vote in favour of the transaction, which still requires the approval of two thirds of votes cast by Class A and Class B shareholders at…
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