Rogers Communications (RCI), Shaw Communications (SJR), the Shaw Family Living Trust, and Quebecor announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to February 17. All parties remain committed to the pro-competitive transactions, which will deliver significant benefits to Canada and Canadian consumers. Innovation, Science and Economic Development Canada must approve the transfer of spectrum licenses from Shaw to Videotron – in connection with the proposed acquisition of Freedom Mobile by Videotron – before the combination of Rogers and Shaw can proceed. The companies continue to work with ISED to secure the final approval needed to close the pro-competitive transactions.
Published first on TheFly
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