{"id":30061,"date":"2023-01-13T21:11:58","date_gmt":"2023-01-13T21:11:58","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/13\/industry-and-technology-committee-will-conduct-a-second-review-on-rogers-shaw-merger-report\/"},"modified":"2023-01-13T21:11:58","modified_gmt":"2023-01-13T21:11:58","slug":"industry-and-technology-committee-will-conduct-a-second-review-on-rogers-shaw-merger-report","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/13\/industry-and-technology-committee-will-conduct-a-second-review-on-rogers-shaw-merger-report\/","title":{"rendered":"Industry and technology committee will conduct a second review on Rogers-Shaw merger: report"},"content":{"rendered":"

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The industry and technology committee in the House of Commons is reportedly getting set to hold a second public hearing into Rogers\u2019 merger with Shaw.<\/p>\n

The committee had already examined the matter and published a report in March 2022 recommending the merger not be approved.<\/p>\n

Sources told The Globe and Mail<\/em> that the second public hearing would involve Vid\u00e9otron\u2019s takeover of Freedom Mobile, an aspect that didn\u2019t exist when the committee made its initial recommendations. The parties signed a definitive agreement in August for $2.85 billion<\/a>.<\/p>\n

As the publication notes, the parties don\u2019t need the committee\u2019s approval for the merger to move forward. However, it could influence Industry Minister Fran\u00e7ois-Philippe Champagne, whose approval is required. Champagne has reserved his response while legal proceedings<\/a> between the Competition Bureau and Rogers and Shaw continue. The Minister has previously said he\u2019ll support Vid\u00e9otron\u2019s acquisition of Freedom if the company keeps its wireless licenses for 10 years and lowers wireless bills.<\/p>\n

The Globe<\/em> further reports the committee hearing will examine how Vid\u00e9otron was selected to acquire Freedom Mobile. The companies reportedly received several other offers for the carrier, including a $3.75-billion offer from Globalive Capital Inc<\/a>.<\/p>\n

Source: The Globe and Mail\u00a0<\/a><\/p>\n<\/p><\/div>\n