- On October 27, Quebecor, Rogers Communications and Shaw Communications attended a mediation session as part of the Competition Tribunal process
- The mediation failed to yield a negotiated settlement
- The combined Videotron-Freedom business will have everything it needs to compete as a stronger fourth carrier in the long term
- Quebecor’s commitment to lower wireless prices for Canadians across the country is one of the many benefits of the proposed transaction
- The combined Shaw-Rogers wireline business will have a national network positioned to compete against the telcos
- Québec-based Quebecor is an integrated communications company
- Quebecor Inc.- Class A opened trading at C$25.66
On October 27, Quebecor, Rogers Communications and Shaw Communications attended a mediation session as part of the Competition Tribunal process.
“The mediation did not yield a negotiated settlement. We are disappointed with this outcome and believe that litigation is both unnecessary and harmful to competition. The Bureau’s unwillingness to meaningfully engage unduly delays lower wireless prices for Canadian consumers.
We remain committed to completing this pro-competitive series of transactions and are confident in the strength and merits of our case in front of the Competition Tribunal, including the many benefits of these transactions to Canadians.
Once completed, our proposed series of transactions will positively transform the Canadian telecommunications industry in both the wireline and wireless segments. The combined Videotron-Freedom business will have everything it needs to compete as a stronger fourth carrier for the long term, including critical 5G spectrum. Quebecor’s commitment to lower wireless prices for Canadians across the country is one of the many benefits that the proposed transactions will create.
At the same time, the combined Shaw-Rogers wireline business will have a national network positioned to compete against the telcos for the long term.
Together, these transactions will deliver world-leading, affordable telecommunications that Canadian consumers need and deserve for today and into the future.”
Québec-based Quebecor is an integrated communications company.
Rogers is a Canadian technology and media company that provides communications services and entertainment to consumers and businesses.
Shaw is a leading Canadian connectivity company.
Quebecor Inc.- Class A opened trading at C$25.66.
Shaw Communications – Class B opened trading at C$36.25.
Rogers Communications Inc. Class A opened trading at C$58.01.