The deal, which is subject to customary closing conditions and approvals from regulators, is expected to close in 2022
The companies said Rogers will invest $2.5 billion in 5G networks over the next five years across Western Canada
Under the plan, Rogers will pay $40.50 in cash for all of Shaw's issued and outstanding class A and class B shares
Rogers Communications Inc. has signed a deal to buy Shaw Communications Inc. in a deal valued at $26 billion, including debt.
Under the plan, Rogers will pay $40.50 in cash for all of Shaw’s issued and outstanding class A and class B shares.
Shaw’s class B shares closed at $23.90 on the Toronto Stock Exchange on Friday.
As part of the transaction, the companies said Rogers will invest $2.5 billion in 5G networks over the next five years across Western Canada.
Rogers also says it will create a new $1-billion fund dedicated to connecting rural, remote and Indigenous communities across Western Canada to high-speed internet service.
The deal, which is subject to other customary closing conditions, as well as approvals from Canadian regulators, is expected to close in the first half of 2022.
Rogers is the parent company of this website and station.
ocrohnahan on March 15th, 2021 at 13:16 UTC »
This is anti-competitive and should be blocked.
CanadianErk on March 15th, 2021 at 12:49 UTC »
Goddamnit.
The big three rule us all again. We're fucked unless this is stopped.
The last semblance of competition fades away....
Direc1980 on March 15th, 2021 at 12:46 UTC »
This is an incredibly bad deal for Canadians.