The proposed acquisition of Shaw Communications Inc. by Rogers Communications Inc. will likely face hearings from a Commons committee, after a Conservative MP argued that the deal needs to be probed. “Some argue the Rogers-Shaw deal means more investment, others that it means less competition,” said Pierre Poilievre, Conservative Shadow Minister for Jobs and Industry, in a statement on Tuesday. “The only way to know for sure [is] through careful study and intense debate. Conservatives want the Industry Committee to hear from customers, workers, business leaders, engineers, economists, and other experts, to get a complete understanding of the proposed deal.” On March 15, Rogers announced an agreement to acquire Shaw in a transaction valued at $26 billion, including debt. The deal will see two of Canada’s largest cable companies, as well as their wireless networks combined, leaving the industry with only two remaining competitors, Telus and Bell. In its statement, …
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