On Monday, Rogers Communications Inc., Shaw Communications Inc. and Quebecor Inc. extended a deadline to mid-February that would finalize the largest telecommunications takeover in Canadian history. The deal would see Rogers buy Shaw for $20-billion. In an already concentrated industry, Canada’s Competition Bureau has argued that the deal would be bad for consumers who already pay some of the highest cell phone bills in the world.
Telecom reporter, Alexandra Posadzki explains the implications of this deal and why, even though it has cleared significant legal hurdles, Canada’s Federal Industry Minister Francois-Philippe Champagne won’t rush his signoff.
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