Rogers Communications Inc. and Shaw Communications Inc. say they will oppose a hearing by the Competition Tribunal but have agreed not to close their $26-billion merger until objections by the Competition Bureau are resolved.
In a statement Monday afternoon, Rogers and Shaw said the agreement with the commissioner of competition, Matthew Boswell, “allows the parties to focus on addressing (his) concerns with the transaction in order to reach a settlement.”
On May 9, the commissioner of competition filed an application to block Rogers’ purchase of Shaw, arguing that the transaction would lead to worse service and higher prices for consumers.
He also alleged that removing Shaw as a competitor would undo the progress made on competition in Canada’s telecom sector over the years….