Canada approves Rogers-Shaw deal, sparking concerns over rising prices.
Canada has approved Rogers Communications' $14.8 billion acquisition of Shaw Communications after securing commitments to promote competition in the telecoms market. The deal faced opposition from consumer advocates and politicians who feared it could lead to higher prices due to an overlap between Rogers and Shaw's wireless divisions. To ease concerns, the government outlined 21 conditions, including asking Rogers to set up a Western headquarters in Calgary, create 3,000 new jobs in Western Canada, and invest $5.5 billion to expand 5G coverage and services.