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A joint statement on behalf of Rogers Communications (TSX:RCI.B) and Shaw Communications (TSX:SJR.B)

Market News, Telecommunication
TSX:SJR.B
04 March 2022 08:45 (EDT)

Rogers Communications (RCI.B) and Shaw Communications (SJR.B) have issued a joint statement regarding the pending merger transaction.

We continue to work constructively with the government and regulators to close this transaction and deliver the benefits of the merger to all Canadians. We share the government’s view that affordable, high-quality services should be available to every Canadian and by coming together, Rogers and Shaw will make the generational investments in networks and technology that Canada needs to create new jobs, increase competition, and bridge connectivity gaps in rural and remote areas. We continue to expect the transaction to close in the first half of 2022.

Rogers is a leading Canadian technology and media company that provides communications services and entertainment to consumers and businesses. 

Shaw Communications Inc. is a Canadian connectivity company. The Wireline division consists of Consumer and Business services. The Wireless division provides wireless voice and LTE data services.

Rogers Communications Inc. Class B Non-voting Shares opened trading at $67.68.

Shaw Communications Inc. Class B Non-voting Shares opened trading at $38.00.

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