Federal Court of Appeal allows Rogers, Shaw merger
By Adnews Staff
The Federal Court of Appeal has dismissed the Competition Bureau’s application to block the proposed $26 billion acquisition of Shaw Communications by Rogers Communications. The bureau took the case to the Court of Appeal following a decision by the Competition Tribunal to allow the merger. The Competition Bureau’s position was that the transaction would likely harm consumers in Alberta and British Columbia through higher prices, lower quality service and less innovation.
“We are disappointed that the Federal Court of Appeal has dismissed our appeal of the Competition Tribunal's decision in Rogers-Shaw,” said Matthew Boswell, Commissioner of Competition. “Although today's developments are discouraging, we stand by the findings of our investigation and the decision to challenge the merger. We brought a strong, responsible case to the Tribunal after conducting a thorough examination of the facts. We continue to disagree with the Tribunal's findings in this case. That being said, we accept the decision of the Federal Court of Appeal and we will not be pursuing a further appeal in this matter.”