Close X
Saturday, November 23, 2024
ADVT 
National

MPs plan to probe Rogers-Shaw deal a second time

Darpan News Desk The Canadian Press, 13 Jan, 2023 05:09 PM
  • MPs plan to probe Rogers-Shaw deal a second time

OTTAWA - The House of Commons industry and technology committee is planning to initiate another study of the proposed Rogers-Shaw merger.

Conservative MP Rick Perkins and New Democrat MP Brian Masse confirmed to The Canadian Press that the committee plans to meet on Jan. 25 to review the proposed $26 billion transaction.

On Jan. 24, the Federal Court of Appeal will hear the Competition Bureau's appeal of a decision that cleared the way for Rogers Communication Inc.'s takeover of Shaw Communications Inc.

Masse told The Canadian Press that all political parties agreed to call the committee meeting.

Members of Parliament on the committee had previously reviewed the prospective merger in March and recommended against the transaction.

Now, they will conduct a second investigation into the deal, which has since changed to include the sale of Shaw-owned Freedom Mobile to Quebecor-owned Videotron Ltd.

Perkins said in an interview that Parliament should have the opportunity to review the deal as it now stands, since the study conducted in March was of a previous version of the proposed transaction.

To go ahead, the deal also still requires approval from Innovation, Science and Economic Development Canada.

And while that decision lies in the hands of Industry Minister François-Philippe Champagne, Perkins said the committee can provide "some useful perspective."

"We can look at this from a much broader perspective of whether or not we think competition is harmed at all by particular deal," he said.

Champagne has previously said he would not allow Rogers to acquire all of Shaw's wireless licences, suggesting the final approval for the merger would require concessions including the sale of Freedom.

The minister has also indicated he will make a decision only after there is clarity on the ongoing legal process.

MORE National ARTICLES

Bank Of Canada raises interest rate to 4.25%

Bank Of Canada raises interest rate to 4.25%
Overall, the data since the October MPR support the Bank’s outlook that growth will essentially stall through the end of this year and the first half of next year. CPI inflation remained at 6.9% in October, with many of the goods and services Canadians regularly buy showing large price increases.

Bank Of Canada raises interest rate to 4.25%

B.C. woman injured in targeted shooting: police

B.C. woman injured in targeted shooting: police
She was taken to hospital for treatment by BC Emergency Health Services. Police say they believe the attack was not related to the Lower Mainland gang conflict. Police do not believe there is a risk to the public.  

B.C. woman injured in targeted shooting: police

Nature 'under attack,' says PM Trudeau

Nature 'under attack,' says PM Trudeau
Over the next 14 days, negotiators from all 196 countries in the world are being asked to hammer out an agreement to both end and begin to restore the ecosystems we have destroyed and damaged.

Nature 'under attack,' says PM Trudeau

Eby cabinet may signal early B.C. election: expert

Eby cabinet may signal early B.C. election: expert
Lt.-Gov. Janet Austin will swear in Eby's new cabinet during a ceremony at Government House in Victoria on Wednesday. While B.C.'s next election is scheduled for the fall of 2024, the new cabinet could set in motion the countdown for an early vote next fall, said Prof. David Black, a political communications expert at Victoria's Royal Roads University.

Eby cabinet may signal early B.C. election: expert

Traffic stop results in seizure of drugs worth 2.4 million dollars

Traffic stop results in seizure of drugs worth 2.4 million dollars
The driver was arrested and police seized approximately: 8 kilograms of suspected fentanyl powder; 500 grams of suspected fentanyl pills; 1.5 kilograms of suspected crystal methamphetamine; 1.5 kilograms of suspected heroin; 400 milliliters of codeine. 

Traffic stop results in seizure of drugs worth 2.4 million dollars

Doctors say flu starting to hit older adults

Doctors say flu starting to hit older adults
Hospitalizations among both young children and seniors have increased sharply over recent weeks during a flu season that started earlier than usual. Infectious diseases specialist Dr. Isaac Bogoch said he's already seeing more seniors with flu as in-patients at Toronto General Hospital.

Doctors say flu starting to hit older adults