Rogers, Shaw to Combine in $16 Billion Deal

Rogers Communications has agreed to buy Shaw Communications for about 20 billion Canadian dollars, equivalent to roughly $16 billion. The deal, which would remove Canada’s fourth-largest wireless provider from a thin competitive arena, will be scrutinized by three federal government agencies, including the competition bureau, the Canadian telecommunications regulator and the department of industry. Innovation, Science and Industry minister François-Philippe Champagne said in a statement that the government would focus on affordability, competition, and innovation in its analysis of the deal. Canada’s C$54 billion telecommunications market is dominated by wireless communications, which accounted for C$29 billion of industry revenue in 2019, according to the country’s telecom regulator.