Rogers Communications and Shaw Communications say Canada’s Commissioner of Competition plans to oppose a multibillion-dollar proposed merger of the two Canadian rival companies.
In a joint statement issued on Saturday, Rogers and Shaw said they were notified of Matthew Boswell’s intention to prevent the deal, adding that they would oppose the anticipated application and continue to engage with the Competition Bureau in an effort to resolve the matter.
Toronto-based Rogers announced last year its plan to buy Calgary-based Shaw in a deal valued at $26 billion, including debt.
The Canadian Radio-television and Telecommunications Commission (CRTC) approved the acquisition in March, but laid out a series of conditions. Read more: Rogers’ takeover of Shaw clears CRTC hurdle.