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Tuesday, June 6, 2023

CRTC authorizes the acquisition of Shaw Broadcasting Services by Rogers Communications Inc.

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The Canadian Radio-television and Telecommunications Commission (CRTC) last week agreed to approve the legal acquisition of Shaw Communications Inc.’s broadcasting services by Rogers Communications Inc. but with some mandatory conditions that the company must meet in order to close the $26 billion deal, which was signed in mid-March 2021. 

While the deal was very much welcomed by Rogers and Shaw, the conditions imposed by the CRTC are being closely reviewed by Innovation, Science and Economic Development Canada in conjunction with the Competition Bureau. In summary, the agreement ensures that Rogers Communications Inc. will receive 16 western Canadian cable services, a national satellite television service, and among other television broadcasting services.

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