OTTAWA –
The Competition Tribunal has dismissed an utility from Canada’s competitors watchdog searching for to dam Rogers Communications Inc.’s proposed $26-billion buy of Shaw Communications Inc., clearing a path for the deal to undergo.
It nonetheless requires approval from Innovation, Science and Economic Development Canada.
In a abstract of its choice launched Thursday, the Tribunal says the merger of the 2 telecommunications corporations wouldn’t lead to materially increased costs.
The choice says the deal that features the sale of Shaw-owned Freedom Mobile to Quebecor-owned Videotron Ltd. would unlikely forestall or reduce competitors considerably.
It says a extra detailed choice will likely be launched within the subsequent two days.
The Competition Tribunal held 4 weeks of hearings to debate issues concerning the proposed deal earlier this yr.
Throughout the listening to, the Competition Bureau argued the merger would reduce competitors within the telecom market, set off increased costs and result in poor service.
Rogers and Shaw argued the deal would improve competitors and be higher for shoppers.
This report by The Canadian Press was first revealed Dec. 29, 2022.
