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Rogers Buying Shaw Would Result in Canada’s 2nd-Biggest Telecom

Source: The Canadian Press, cbc.ca, March 15, 2021

As part of the transaction, over the next five years across Western Canada, Rogers will invest $2.5 billion in 5G networks.

Rogers Communications has signed a deal to buy Shaw Communications in a transaction valued at $26 billion, including debt, which would create Canada’s No. 2 cellular and cable operator — but is likely to face stiff regulatory scrutiny.

Under the plan, Rogers will pay $40.50 in cash for each of Shaw’s issued and outstanding class A and class B shares. Shaw shares jumped 42 per cent to $34 on Monday, but traded well below the offer price, suggesting doubts about the deal. Shares of Rogers were also up seven per cent at $64.

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