By Ahmad Hathout
OTTAWA – Rogers Communications said in arguments filed to the Federal Court of Appeal today that its acquisition of Shaw Communications is a non-starter if it doesn’t sell Freedom, hitting back at the Competition Bureau’s central claim on appeal that the Competition Tribunal should have looked at the two deals separately in its analysis when it denied the watchdog’s petition to block the merger.
In its appeal to the appeal court, which will be heard January 24, the bureau argued that the tribunal had incorrectly combined analysis for both the Rogers-Shaw deal with the sale…
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By Ahmad Hathout
OTTAWA — The House of Commons industry committee will convene to discuss Rogers’s pursuit of Shaw on January 25, a parliamentary staffer confirmed, in light of new facts and information that emerged from a month-long hearing at the Competition Tribunal that led to the competition court denying a petition to block the deal.
INDU, as the committee is called, will hold two meetings on that date for a total of four hours, the staffer said, which will include discussions about the main deal and the divestiture of Freedom Mobile.
The Globe and Mail, citing sources, reported Friday that a…
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Competition watchdog says wholesale deal could be appealed to the CRTC
By Ahmad Hathout
OTTAWA – The Competition Bureau said in a filing to the Federal Court of Appeal on Friday that the tribunal’s decision to allow Rogers to buy Shaw assumed the fulfillment of commitments from the merging parties that could actually be challenged at the CRTC.
Those commitments include Rogers supplying Videotron – the target buyer of Shaw’s Freedom Mobile – with long-term access to its infrastructure at below market rates, which are regulated by the CRTC.
“The Tribunal failed to consider that these arrangements could be challenged by third parties…
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By Steve Faguy
MONTREAL — Cogeco is launching a wireless service in Canada. Or at least, it’s almost certain. The question now isn’t so much whether it will launch, but how and where.
Speaking to analysts and journalists on Friday ahead of the company’s annual general meeting, Cogeco CEO Philippe Jetté confirmed a dedicated team of 30-40 people is in place working on a wireless network plan, with many other employees contributing to it, and major capital expenditures have been budgeted for the rollout.
The remaining step before the real work begins is to await the CRTC’s determinations on specific rules for…
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TORONTO – Bell’s sports channel TSN announced Thursday that it has acquired the rights to PGA Tour Live to coincide with the launch of its new TSN+ product.
PGA Tour Live includes 4,300 hours of exclusive coverage from tour events throughout the season, and will support the launch of the company’s TSN+, a new direct-to-consumer streaming product on browser, mobile, and other devices, the company said in a press release today.
“We are excited to expand our PGA TOUR partnership and deliver PGA TOUR LIVE to Canadians with the launch of TSN+,” said Shawn Redmond, VP, Bell Media Sports, in the release….
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CALGARY — Shaw Communications reported a dip in revenue and net income for the quarter that ended on November 30, possibly one of its final quarterly reports before being acquired by Rogers Communications.
The Calgary-based company reported a 1.2% decrease in revenue for its fiscal first quarter of 2023, to $1.37 billion, a decline in net income by 14.3% ($28 million) to $168 million, and earnings before interest, taxes, depreciation and amortization (EBITDA) declining 2.5% — all compared to the same period the previous year. Part of its pared down net income was due to transaction-related costs.
The telecom added a…
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By Ahmad Hathout
OTTAWA – The Competition Bureau will argue later this month that the Competition Tribunal erred in the steps it took when it determined that there would be no lessening of competition if Rogers is allowed to purchase Shaw.
In an amended appeal filed Friday, the competition commissioner, through the attorney general, said the tribunal navigated the primary question of whether such a merger would lessen competition incorrectly.
The commissioner said the tribunal incorrectly combined the analysis of both the Rogers-Shaw merger with the remedy sale of Shaw’s Freedom assets to Videotron, rather than first evaluating the competition questions for…
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By Ahmad Hathout
OTTAWA – Canada’s largest independent internet service provider is urging federal Innovation Minister Francois-Philippe Champagne to block the transfer of Shaw’s wireless spectrum assets to Videotron over concerns that the latter will receive favourable wholesale rates compared to competitors.
The Competition Tribunal earlier this month provided reasons for denying an application to block Rogers from purchasing Shaw, saying Videotron – the regional carrier that is lined up to buy Shaw’s Freedom Mobile as a condition of the deal’s approval – would be a strong competitor in the market and would take market share from the major players in…
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OTTAWA — The Federal Court of Appeal today decided it will hear on January 24 the Competition Bureau’s appeal of the decision by the Competition Tribunal to reject its challenge of the Rogers acquisition of Shaw.
The court and the parties in the matter landed on the date after a 1 hour and 15 minute case management conference today.
The bureau filed a court challenge the day after the tribunal released its decision on Thursday. It obtained the temporary emergency suspension of the decision until the Federal Court decides on the matter.
The tribunal released reasons for its determination…
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Federal Court of Appeal holding conference today on hearing issues
By Ahmad Hathout
OTTAWA – In approving the Rogers and Shaw combination, the Competition Tribunal said the evidence shows Freedom under Videotron “would not in fact have a smaller scale” as opposed to its ownership under Shaw.
“Videotron will have more revenue, more wireless subscribers across the country, and more spectrum,” the tribunal said in its reasons for approving the deal released yesterday, which follows its announced decision on Thursday night.
“In addition, Videotron’s national presence will give it the ability to offer new incentives to businesses that operate nationally,”…
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