Saturday, October 18, 2025

Latest

Competition Bureau to Pay $13M to Telecom Giants After Failed Merger Block

In a significant ruling, Canada’s merger court has directed the Competition Bureau to compensate Rogers Communications (TSX: RCI.B) and Shaw Communications Inc. (TSX: SJR) to the tune of $13 million. This decision arises from a protracted legal wrangle where the Competition Bureau tried— albeit unsuccessfully, to halt the telecom giants’ controversial $20-billion merger.

Dated August 28, the Competition Tribunal’s judgment explicitly called out Commissioner of Competition Matthew Boswell’s tactics to obstruct the merger as “unreasonable.” The two companies, Rogers and Shaw, expressed frustration with Boswell’s conduct during the legal battle, arguing that he opted for an unduly adversarial approach, thereby inflating the costs they had to bear.

The backdrop to this drama was the vigorous opposition the merger received from Canada’s antitrust regulator. The merger was a significant point of contention because of fears that it would curtail competition in Canada’s telecom sector, a country where consumers grapple with some of the highest wireless bills globally.

Nevertheless, in March, the green light was given to Rogers’s acquisition of Shaw Communications. This approval came with stringent conditions: Rogers committed to facing financial penalties if they reversed promises to generate new employment opportunities and invest in network expansion.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Rogers Outage Is Relevant To The Pending Shaw Merger, Says Competition Tribunal

If you think the recent network outage of Rogers Communications (TSX: RCI.B) should be an...

Wednesday, August 31, 2022, 11:03:00 AM

Rogers Wrap-up: A Matter of Class

This column is on the record with an opinion that the Rogers Communications Inc. (TSX:RCI.A)...

Tuesday, November 16, 2021, 04:00:00 PM

Rogers Expects Charges Of $150 Million From Outage Discounts

What’s the cost of an outage that brings a major portion of the economy to...

Wednesday, July 27, 2022, 10:42:48 AM

Rogers Circles Back To Tony Staffieri As Permanent President And CEO

After months of board shakeups, the Rogers family saga is seemingly coming to an end–back...

Tuesday, January 11, 2022, 09:46:00 AM

Canadians Are Paying Too Much For Internet Services – And Telecom Regulators Want To Change That

Canadians are paying exceptionally high prices for internet services— the highest among international counterparts, to...

Thursday, January 26, 2023, 07:33:00 AM