Good News! Canada’s Competition Bureau Will Appeal Today’s Rogers – Shaw Decision

This morning I was not hopeful about the chances of Canadians getting a positive outcome in terms of the Rogers – Shaw merger decision from last night. But there’s hope as news is out that the Competition Bureau is appealing the decision:

The Competition Bureau is appealing the Competition Tribunal’s dismissal of its case against Rogers Communications Inc.’s $26-billion takeover of Shaw Communications Inc., the companies said as they expressed their disappointment in the move.

The telecommunications companies said Friday that they were informed of the bureau’s intent to appeal the tribunal’s decision, released late Thursday. They said they were alsot told that the bureau will apply for an injunction to block the deal from closing until an appeal is heard.

“We are deeply disappointed that the Commissioner continues to attempt to deny Canada and Canadians the advantages that will come from these proposed transactions,” the companies said in a joint statement.

The Competition Bureau did not immediately respond to a request for comment. Commissioner of Competition Matthew Boswell said in a statement late Thursday that he was very disappointed by the tribunal’s dismissal and was carefully considering next steps.

It’s bad news for Rogers and Shaw. But it’s good news for Canadians as this is a bad deal for Canada and must be stopped. Thus I am hopeful that this deal will be stopped so that Canadians don’t end up getting shafted as a result.

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