Inactive Instrument

Shaw Communications Inc.

Equities

SJR.B

CA82028K2002

Integrated Telecommunications Services

Canadian court dismisses competition bureau objection to Rogers-Shaw merger

January 24, 2023 at 08:23 pm

TORONTO (Reuters) - A federal court in Canada on Tuesday dismissed the competition bureau's case for blocking Rogers Communications Inc's hotly contested C$20 billion ($14.9 billion) bid for Shaw Communications Inc.

The proceeding in a Federal Court of Appeal in Ottawa was the antitrust bureau's latest attempt to kill the deal, saying the transaction would lessen competition in Canada's telecoms industry, which has some of the highest mobile bills in the world.

(Reporting by Maiya Keidan)

Latest news about Shaw Communications Inc.

Shaw Communications Inc. Reports Earnings Results for the Second Quarter and Six Months Ended February 28, 2023	28/04/23	CI
Rogers Communications Appoints Chief Transformation Officer	20/04/23	MT
Rogers Communications Appoints Three New Officers Following the Close of its Acquisition of Shaw Communications	20/04/23	MT
Shaw Communications Inc.(TSX:SJR.B) dropped from FTSE All-World Index	11/04/23	CI
Moody's Downgrades Shaw Communications on Purchase by Rogers	06/04/23	MT
S&P Downgrades Rogers; All Ratings Pulled From CreditWatch	06/04/23	MT
Moody's Cuts Rogers Communications' Rating on Shaw Deal Completion	06/04/23	MT
Shaw Communications Inc.(TSX:SJR.B) dropped from S&P International 700	06/04/23	CI
Shaw Communications Inc.(TSX:SJR.B) dropped from S&P/TSX 60 Index	06/04/23	CI
Shaw Communications Inc.(TSX:SJR.B) dropped from S&P Global 1200	06/04/23	CI
Shaw Communications Inc.(TSX:SJR.B) dropped from S&P/TSX Capped Composite Index	06/04/23	CI
Shaw Communications Inc.(TSX:SJR.B) dropped from S&P/TSX Composite Index	06/04/23	CI
Shaw Communications Inc.(TSX:SJR.B) dropped from S&P Global BMI Index	06/04/23	CI
BMO Capital Discontinues Shaw Coverage	05/04/23	MT
DBRS Cuts Rogers Communications' Ratings Following Completion of Shaw Communications Deal	05/04/23	MT
Global markets live: Warner, Givaudan, Apple, Tesla, AMC...	04/04/23
Fitch Downgrades Rogers Communications; Rating Watch Negative Removed	04/04/23	MT
WSP Brief: Will replace Shaw Communications in the S&P/TSX 60 Index effective prior to the open of trading on April 6, 2023	03/04/23	MT
Rogers Communications Completes Merger With Shaw Communications	03/04/23	MT
Canada's Rogers closes C$20 billion deal for rival Shaw	03/04/23	RE
Rogers Communications Downgraded to Hold at Desjardins	03/04/23	MT
Telecoms Brief: Rogers Closes Merger with Shaw; Quebecor Closes Acquisition of Freedom Mobile	03/04/23	MT
Rogers Communications Closes $15 Billion Acquisition of Shaw Communications	03/04/23	MT
Rogers closes deal to acquire Shaw Communications	03/04/23	RE
Rogers-Shaw M&A approval raises prospects of political meddling in Canadian dealmaking	02/04/23	RE

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Company Profile

Shaw Communications Inc. is a Canada connectivity company. The Company operates in two segments: Wireline and Wireless. The Wireline segment provides Cable telecommunications services including Video, Internet, WiFi, Phone, Satellite video and data networking through a national fibre-optic backbone network to Canadian consumers, North American businesses and public-sector entities. The Wireline segment is sub-classified into consumer and business services. The consumer service serves residential customers with broadband Internet, Shaw Go WiFi, video and digital phone. The business service provides business customers with Internet, data, WiFi, digital phone, and video services. The Wireless segment provides wireless services for voice and data communications serving customers in Ontario, British Columbia and Alberta through Freedom Mobile and in British Columbia and Alberta through Shaw Mobile.

Sector

Integrated Telecommunications Services

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