Rogers, Shaw, Quebecor to close pro-competitive transactions

After receiving federal government approval, Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. announced that they plan to close the pro-competitive transactions expeditiously/ The three companies, along with the Shaw Family Living Trust, have agreed to extend the outside date of the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor and the closing of the merger of Rogers and Shaw to April 7, 2023 and expect the transactions to close by that date. The announcement follows approval of the transfer of Shaw’s wireless spectrum licences to Videotron by the Minister of Innovation, Science and Industry. This was the final regulatory approval required to enable the Freedom Transaction and the Rogers-Shaw Merger. The Transactions have now received all required shareholder and regulatory approvals and remain subject to customary closing conditions.