Rogers' Takeover of Shaw's Broadcasting Business Wins Conditional Nod From Canada's CRTC

Friday, March 25, 2022

Vancouver, BC, March 25, 2022--Canada's telecommunications regulator said on Thursday it has conditionally approved Rogers Communications Inc's acquisition of Shaw Communications Inc's broadcasting services, as the C$20 billion ($16 billion) mega deal for Shaw announced last year clears a major regulatory hurdle.

The Canadian Radio-television and Telecommunications Commission (CRTC) laid out a number of modifications to the deal - including a proposal that requires Rogers to contribute $27 million in "initiatives that will benefit the broadcasting system".