Competition Bureau says he’m trying to block Acquire Shaw Communications Inc. for $ 26 billion offered by Rogers Communications Inc.
The federal regulator is asking the Competition Tribunal not to allow the transaction to take place in order to protect Canadians from what it says will be higher prices, poorer service quality and fewer choices, especially in wireless services.
It says it is asking the Competition Tribunal to block the deal, as it is demanding a ban on the two companies from closing the deal until the bureau’s appeal is heard.
The Competition Bureau says the show’s presence in the wireless market has significantly increased competition in recent years, but that its efforts have already begun to weaken since the deal was announced last year.
Rogers and Shaw both said over the weekend that they intended to continue the deal and fight the commissioner’s efforts to block it.
The Competition Bureau is one of the three regulatory bodies whose approval is required to complete the transaction. The Canadian Radio and Television հանձնաժողով Telecommunications Commission signed the agreement earlier this year, while companies are also awaiting approval for Canada’s innovation, science and economic development.
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