this post was submitted on 31 Aug 2023
59 points (98.4% liked)

Canada

7204 readers
274 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

Canada's merger court asked the competition bureau to pay about C$13 million ($9.58 million) to Rogers Communications and Shaw Communications for the lengthy court battle after its failed attempt to block the telecom firms' C$20-billion merger.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] autotldr@lemmings.world 3 points 1 year ago (1 children)

This is the best summary I could come up with:


Aug 29 (Reuters) - Canada's merger court asked the competition bureau to pay about C$13 million ($9.58 million) to Rogers Communications (RCIb.TO) and Shaw Communications for the lengthy court battle after its failed attempt to block the telecom firms' C$20-billion merger.

The Competition Tribunal, Canada's merger court, in a ruling dated Aug. 28 said the Commissioner of Competition Matthew Boswell's approach to block the deal was "unreasonable".

The companies maintained that Boswell "adopted an unnecessarily contentious approach throughout the litigation, which significantly increased the costs that they were required to incur," the tribunal said.

The Rogers-Shaw merger had faced intense opposition from Canada's antitrust regulator whose efforts to block it were rejected by the Competition Tribunal and a Canadian court.

The bureau's biggest concern was the deal would lessen competition in a country where wireless bills are already among the highest in the world.

In March, Canada approved Rogers' buyout of Shaw Communications after securing binding commitments to pay financial penalties if it failed to create new jobs and invest to expand its network.


The original article contains 179 words, the summary contains 174 words. Saved 3%. I'm a bot and I'm open source!

[โ€“] Seigest@lemmy.ca 19 points 1 year ago (1 children)

It's terrible enough this merger was allowed to even happen, now we are paying for it in what I am guessing is tax dollars.

At what point will we be replacing the maple leaf with the rogers logo?

[โ€“] adespoton@lemmy.ca 1 points 1 year ago

When weโ€™ve all been rogered?