Rogers asks Quebecor to join bid for Shaw's Freedom Mobile: media
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CANADIAN wireless giant Rogers Communications has asked telecom company Quebecor to join its bid for Shaw Communications' broadcasting services, the Globe and Mail reported on Friday (May 6), citing an unnamed source.
Rogers said last year it would buy Shaw for about C$20 billion (S$21.5 billion) in a deal that would create Canada’s second-largest cellular and cable operator.
Canada’s telecommunications regulator in March conditionally approved Rogers’s acquisition of Shaw’s Freedom Mobile.
Two other regulators, Competition Bureau and Innovation, Science and Economic Development Canada, are reviewing Rogers’ plans to buy the rest of Shaw’s businesses.
Friday’s report comes 2 months after Canadian investment firm Globalive offered $2.9 billion for Freedom Mobile.
Rogers, Shaw and Quebecor did not immediately respond to Reuters requests for comment outside of business hours.
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