Latest Breaking News On - Robin shaban - Page 7 : comparemela.com
Review of $26-billion Rogers-Shaw merger resumes today with testimony from analysts
thompsoncitizen.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thompsoncitizen.net Daily Mail and Mail on Sunday newspapers.
Review of $26-billion Rogers-Shaw merger resumes today with testimony from analysts
estevanmercury.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from estevanmercury.ca Daily Mail and Mail on Sunday newspapers.
Article content
Canada has not followed the United States, the European Union or the United Kingdom in taking on the dominance of the tech giants through its competition watchdog. While we are limited by our outdated Competition Act, there are other factors that hinder Canada’s ability to take action against monopolistic business practices.
Some have suggested that the Competition Bureau takes fewer cases against the digital giants because it lacks the jurisdictional authority to do so. But jurisdictional issues cannot totally explain the bureau’s lack of action. After all, the Competition Bureau has quite a bit of latitude to investigate and legally challenge mergers, abuses of dominance and other anti-competitive behaviours of businesses that are not headquartered in Canada.
iPolitics By Catharine Fulton. Published on Apr 3, 2021 12:15pm Parliament Hill in January (Jolson Lim/iPolitics)
We’ve hit the halfway mark of the Hill’s extended hiatus, but a small handful of committees will be back in business after the long weekend. Here’s the policy and politicking to keep an eye on in the coming week.
The House of Commons’ industry, science and technology committee will be studying Rogers Communications’ $26-billion bid to buy Shaw Communications, including debt, on April 6 and 7.
The committee will hear from Competitive Network Operators of Canada CEO Matt Stein, who argued in a recent Hill Times op-ed that “Canada needs a robust industry where the big carriers and the independents can compete on a level playing field.”
Handout
Robin Shaban is principal at Vivic Research, an economic consulting firm that provides data-driven research for policy makers and advocates.
Rogers and Shaw issued a joint communique on Monday announcing their intent to merge, a deal totalling $26-billion, including debt. The two companies also claim the merger will create $1-billion a year in synergies within
two years after it
is finalized.
Their synergies claim is interesting because, if upheld, it will severely hamper the Competition Bureau’s ability to take meaningful action to protect competition in the industry, further contributing to the high prices Canadians pay for telecommunications services. The core problem is Canada’s so-called efficiencies defence for mergers, contained in Section 96 of the Competition Act.
vimarsana © 2020. All Rights Reserved.