Canada's Rogers closes C$20 billion deal for rival Shaw

Published on 3 Apr 2023 on Reuters via Yahoo Finance

Canada's Rogers closes C$20 billion deal for rival Shaw

(Reuters) - Rogers Communications Inc on Monday said it had closed the takeover of smaller rival Shaw Communications Inc, days after Canada gave its final approval for the C$20 billion ($14.87 billion) deal.

Minister of Innovation, Science and Industry Francois-Philippe Champagne agreed to the transfer of wireless licenses held by Shaw's Freedom Mobile unit to Quebecor Inc under some conditions, paving the way to create Canada's no. 2 telecom company.

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Canada's Rogers closes C$20 billion deal for rival Shaw

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