Rogers-Shaw deal clears major hurdle after Competition Tribunal rules in favour

The Competitors Tribunal has dismissed an software by Canada’s competitors watchdog searching for to dam Rogers Communications Inc. ‘s proposed $26-billion buy of Shaw Communications Inc. to dam, opening a path for the transaction to undergo.

It nonetheless requires approval from Innovation, Science and Financial Improvement Canada.

In a abstract of its determination launched on Thursday, the Tribunal says the merger of the 2 telecommunications firms won’t lead to considerably increased costs.

The choice says the deal involving the sale of Shaw-owned Freedom Cell to Videotron Ltd. embrace, is unlikely to considerably stop or scale back competitors.

It says a extra detailed determination will probably be launched within the subsequent two days.

The Competitors Tribunal held 4 weeks of hearings earlier this yr to debate issues in regards to the proposed deal.

Throughout the listening to, the Competitors Bureau argued that the merger would scale back competitors within the telecommunications market, trigger increased costs and result in poor service.

Rogers and Shaw argued the deal would enhance competitors and be higher for customers.

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