3 min read.Updated: 15 Mar 2021, 11:15 PM ISTBloomberg
The rationale for a merger of the top two Canadian cable providers sounds a lot like T-Mobile-Sprint’s argument. Will it fly?
A formidable low-cost wireless carrier was threatening a competitor’s subscriber growth, so they merged. If this sounds like last year’s controversial $58 billion deal between T-Mobile US Inc. and Sprint Corp. in the U.S., look further north. On Monday, Rogers Communications Inc. agreed to acquire its Western Canadian rival Shaw Communications Inc. for C$26 billion ($20.9 billion) including debt, the latest megadeal in North America to punctuate the global race to 5G and raise eyebrows from both consumers and regulators. Investors won’t be complaining, though.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.