Parliamentary Committee Unanimously Votes to Probe Rogers-Shaw Deal

The Standing Committee on Industry, Science and Technology voted unanimously on March 19 to probe the Rogers-Shaw deal after about an hour of debate. On March 15, Rogers Communications Inc. announced an agreement to acquire Shaw Communications Inc. in a transaction valued at $26 billion, including debt. The deal will see two of Canada’s largest cable companies, as well as their wireless networks, combined, leaving the industry with only two remaining competitors, Telus and Bell. Industry Minister François-Philippe Champagne has said the deal will be reviewed by Innovation, Science and Economic Development Canada (ISED), the Competition Bureau of Canada, and the Canadian Radio-television and Telecommunications Commission. Conservative MP Pierre Poilievre said it is the duty of parliamentarians to probe the proposed acquisition of Shaw by Rogers because it will affect their constituents. “I believe we should have a report on it before the regulatory bodies rule, because when they rule, it’s over,” said Poilievre, the Conservative …
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