Published on 3 Apr 2023 on Financial Post via Yahoo Finance
'A big day for us': Rogers CEO sees healthy competition ahead as Shaw deal closes
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The chief executives of Rogers Communications Inc. and Quebecor Inc. say they are expecting fierce but healthy competition on all fronts after Rogers’ $26-billion deal to acquire Shaw Communications Inc. formally closed on April 3.
The deal, which cleared its final regulatory hurdle on Friday, will see Shaw’s Freedom Mobile brand divested to Quebecor’s Videotron Ltd. for $2.85 billion, making the Quebec-based company Canada’s fourth national wireless carrier.