Reactions to Canada's Rogers-Shaw deal approval
March 31 (Reuters) -Canada on Friday approved Rogers Communications Inc's RCIb.TO C$20 billion buyout of Shaw Communications SJRb.TO after securing commitments to promote competition in a country with some of the highest wireless bills in the world.
Below are reactions to the news of the approval for a deal that was announced in March 2021:
ROSA ADDARIO, SPOKESPERSON, INTERNET ADVOCACY GROUP OPENMEDIA
"Videotron is already a carrier in Canada. We already have that as a provider and in no way does selling one company to the biggest telecom giant in Canada bring cheaper prices or more competition for people in Canada. This is undoubtedly going to harm our competition, our choice and will make our bills more expensive."
"The fact of the matter is any way you slice it, this deal is bad for Canadians. It's as bad for us as it was when it was initially proposed and Minister Champagne has stepped out of the way essentially to allow it to go through."
JOHN LAWFORD, EXECUTIVE DIRECTOR, CANADIAN ADVOCACY GROUP PUBLIC INTEREST ADVOCACY CENTRE
"The announcement entrenches the present Canadian wireless market structure for the next decade. Canadian consumers can take count on paying for their number one position in wireless service costs in the major economies for the foreseeable future."
MATTHEW DOLGIN, ANALYST AT MORNINGSTAR
"There's nothing too much in the requirements that are surprising. Many of the requirements of Rogers are things the company already announced it would do when it announced the merger. This just holds them to it. But it doesn't change our view of what the merger means to Rogers."
MICHAEL OSBORNE, A COMPETITION LAWYER AT LAW FIRM COZEN O'CONNOR
"This is an unprecedented agreement that I hope remains exceptional. The circumstances in which it is appropriate to do this are incredibly rare."
"Imagine there is an another case where the minister decides he's kind of feeling his oats and says I want to start regulating all these things, I don't trust the competition bureau to get it right. I'm going to start politically interfering in mergers."
SHAW SHAREHOLDER RYAN BUSHELL, PRESIDENT AND PORTFOLIO MANAGER AT NEWHAVEN ASSET MANAGEMENT
"I'm not surprised that they are forcing more concessions out of Rogers and I'll be interested to see now where the Roger share price goes in the next year or two as they digest this – they're going to have to take on some debt, there will be integration challenges but also synergies. I'll be interested if we can get it a little lower than it is today."
ANALYSTS AT NATIONAL BANK OF CANADA FINANCIAL MARKETS RESEARCH
"It took two years plus two weeks, two days, and nearly two hours for the last regulatory approval to come after Rogers and Shaw first announced their initial arrangement at 7 A.M. on March 15, 2021."
"We'll first need to see how Rogers steps into Shaw and Quebecor into Freedom as well as outside of Quebec before necessarily anticipating more aggressive moves by ISED (Innovation, Science and Economic Department)."
(Compiled by Eva Mathews in Bengaluru)
</body></html>
면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.
온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.
이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.
