While Rogers beat revenue estimates for its second quarter, it extended its deadline for its $20 billion deal to buy Shaw Communications until the end of 2022 as the regulatory approval process continues. The company is also anticipating it will spend about $150 million in customer credits following the mass outage earlier this month.
- Rogers-Shaw deal heads to Competition Tribunal for mediation
- Canada’s merger laws let companies ‘extinguish competitive threats,’ new report says
- Rogers-Shaw deal approval likely to drag into summer 2023: analyst