Close X
Sunday, November 24, 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

Man arrested over alleged assault regarding ice cream confrontation

Man arrested over alleged assault regarding ice cream confrontation
The victim, a convenience store, shared that when the suspect was spoken to about not paying for ice cream, he began to strike the staff member and brandished a knife. Charges related to assault with a weapon and breach of conditions are being recommended.

Man arrested over alleged assault regarding ice cream confrontation

Interest rate hikes may halt economic growth: PBO

Interest rate hikes may halt economic growth: PBO
In that scenario, the Canadian economy would contract by 0.3 per cent in 2023 and grow by 1.3 per cent in 2024. The PBO says this analysis represents only one of many possible scenarios that could play out in the Canadian economy.   

Interest rate hikes may halt economic growth: PBO

Canada's immigration backlog drops to 2.4 mn people

Canada's immigration backlog drops to 2.4 mn people
The data showed a large reduction in the backlog of temporary residence applications while the permanent residence backlog registered a slight increase. The permanent residence inventory stood at 506,421 people as of November 3, compared to 505,562 as of October 3. 

Canada's immigration backlog drops to 2.4 mn people

Tam warns of flu upswing, COVID variant 'growth'

Tam warns of flu upswing, COVID variant 'growth'
Chief public health officer Dr. Theresa Tam said Thursday in a virtual update that the triple threat of all three viruses is posing a challenge for the health system in several parts of the country and points to the need for "stepped up precautions."

Tam warns of flu upswing, COVID variant 'growth'

Man who killed girlfriend, toddler to be sentenced

Man who killed girlfriend, toddler to be sentenced
Robert Leeming, who is 37, pleaded guilty to the second-degree murder of Jasmine Lovett, but not guilty in the death of 22-month-old Aliyah Sanderson. He was convicted earlier this year of second-degree murder in the child's death.

Man who killed girlfriend, toddler to be sentenced

B.C. group seeks better use of flood recovery fund

B.C. group seeks better use of flood recovery fund
The federal government provided the fund last December, just weeks after an intense rainstorm washed away highways, swelled area rivers and overwhelmed dikes in the low-lying Fraser Valley, inundating key agricultural land around Abbotsford.

B.C. group seeks better use of flood recovery fund