Cabinet declined to consider petition to set aside CRTC decision on Rogers merger
CALGARY – Shaw Communications announced today its financial results for Q3 2022, which shows revenue decreased 2.1% to $1.35 billion, compared to the same quarter the previous year.
The financial results for the quarter ended May 31, 2022, further show adjusted EBITDA increased slightly (0.3%) to $644 million compared to Q3 2021, while net income decreased 42.7% to $203 million.
“The prior year period included incremental Wireline Consumer revenue of approximately $20 million related to the release of a provision following the decision on final aggregated Third Party Internet…
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CALGARY – Shaw Business announced today it is launching Fibre+ Gig 2.0 for businesses across Western Canada.
Fibre+ Gig 2.0 is a 2 Gbps Internet tier that will give businesses “access to the speed and bandwidth they need to connect their data-heavy applications and cloud services that power their day-to-day operations,” a press release says.
“Gig 2.0 is ideal for businesses working through multiple locations who utilize multiple connected technology services simultaneously, from in-store WiFi and point-of-sale systems to video conferencing tools, multiple connected workstations and cloud services,” says the release.
“Businesses are more connected today than ever before, and with more…
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Company sent a letter to ISED and Competition Bureau and is preparing ad blitz
By Ahmad Hathout
THE COMPANY THAT formerly owned the assets of what is now called Freedom Mobile has not given up on reacquiring them, despite a deal announced earlier this month that (pending relevant approvals) would see Rogers sell the wireless assets to Quebecor to satisfy regulators looking at its proposed acquisition of Shaw Communications.
Globalive Capital on Friday sent a letter to Innovation Minister Francois-Philippe Champagne and Competition Commissioner Matthew Boswell – with a copy to Prime Minister Justin Trudeau – further pitching its case as being…
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OTTAWA — Rogers, Shaw, and the Competition Bureau have agreed to sit in front of a mediator to hash out a possible settlement on the issues involving the cable companies’ proposed merger, according to a letter dated yesterday to the Competition Tribunal.
The first scheduled mediation dates are July 4 and 5, the letter said. The process involves a neutral person assisting the disputing parties to come to a voluntary settlement of the issues. Options for that neutral person include a judicial member of the tribunal or the Federal Court, and the parties can give a preference…
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MONTREAL – Videotron’s illico set top box platform does not violate patented technology claimed by a subsidiary of U.S.-based Xperi, a Federal Court judge ruled in a decision released yesterday.
Xperi is the parent company of digital entertainment technology company Rovi, which has for years brought lawsuits against Canada’s big broadcasters for alleged infringement of technology in their viewing devices. Rovi has previously had licensing agreements with the major television service providers, including Bell, Rogers, Shaw and Videotron. The patented technology at issue involves the software that displays television program listings for a user to navigate, called an “interactive television…
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GATINEAU – The CRTC said today that telecommunications service providers will have to adhere to a regime that will set a minimum standard for blocking botnet traffic, which it said constitutes a “significant issue for cyber security, both in terms of volume and severity of harm.”
Botnets are networks of malware-infected devices that are controlled from a central location and used to do things like steal data and/or send an overwhelming number of communications to a server, which causes it to fail (denial-of-service attack). The increasing number of internet-connected devices coming to market, a lot largely with flimsy security measures, are…
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OTTAWA – In response to a report from the industry committee urging the federal government to block Rogers’s proposed takeover of Shaw Communications, Industry Minister Francois-Philippe Champagne declined to comment on the matter specifically but pointed to a number of policy developments that he says will help alleviate concerns about telecom competition and prices.
In March, the committee recommended that the government block the proposed deal on the grounds that it allegedly would stunt competition. If ISED – which is reviewing the spectrum licensing portion of the deal – permits the merger, the committee urged the government…
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TORONTO, CALGARY and MONTREAL – Rogers Communications, Shaw Communications and Quebecor Inc. announced late Friday night they have reached an agreement for the sale of Freedom Mobile to Quebecor in a deal valued at $2.85 billion, subject to regulatory approval.
Rogers initiated a process of selling Freedom several months ago, after the Minister of Innovation, Science and Industry François-Philippe Champagne released a statement saying he would not permit Rogers to acquire all of Shaw’s wireless assets.
The sale of Freedom to Quebecor “will ensure the presence of a strong and sustainable fourth wireless carrier across Canada,” a press release says. “The…
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Tribunal releases scheduling order putting hearing in November
COMMISSIONER OF COMPETITION Matthew Boswell is pushing back against claims Rogers Communications and Shaw Communications have made about the competitive impact of their proposed merger and the proposed divestiture of Freedom Mobile, arguing that selling Freedom is not enough to outweigh the negative effects he claims the deal will have on competition.
In replies to Rogers’ and Shaw’s responses to the commissioner’s application to the Competition Tribunal seeking to have the proposed merger blocked, which were made public by the tribunal today, the Commissioner of Competition reiterated that he does not…
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THOSE WHO ARE CLOSELY following the approval process of the proposed merger of Rogers Communications and Shaw Communications will know the outside date for closing the transaction was extended from March 15, 2022, to June 13, 2022, and was extended again last month to July 31, 2022.
So, we are already looking in the rear-view mirror at one (soon to be two) outside closing dates.
What is going on? A lot.
Competition Tribunal
Last month, the Commissioner of Competition Matthew Boswell filed an application to the Competition Tribunal seeking to block the merger. He also filed an application seeking…
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