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The competition among 5G players has intensified as the demand for high-speed internet with low latency continues to increase. Some of this trend is due to the pandemic-related work from home environment, while some of this is organic.
Whatever the reason, telecom companies are set up nicely for a period of long-term growth. I believe the 5G catalyst is one that’s impossible to ignore right now as a growth area of focus for investors.
Here’s the latest development on the recent mega-deal brewing in the Canadian telecom space.
Rogers-Shaw deal
When CEO Bradley Shaw of
Publishing date: Apr 27, 2021 • 56 minutes ago • 4 minute read •
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(Bloomberg) Rogers Communications Inc. won a bidding war for Shaw Communications Inc. by giving the Shaw family two things it needed most: a high price and deal certainty. Now the question is what antitrust watchdogs will want from Rogers.
Securities documents filed by Shaw on Friday revealed that two companies vied for the Calgary, Alberta-based wireless and cable firm in an auction that lasted for weeks. BCE Inc., Canada’s largest telecommunications provider, matched Rogers’ $16 billion offer but wouldn’t agree to deal language that would have forced it to follow through with the purchase even if regulators attached major conditions. Rogers did.
Rogers victory over BCE in Shaw auction puts key assets in play bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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CALGARY, Alberta, April 23, 2021 (GLOBE NEWSWIRE) Shaw Communications Inc. (“Shaw”) announces the filing of a management information circular dated April 14, 2021 (the “Circular”) and related meeting and proxy materials, which will be mailed to holders of Shaw’s Class A Participating Shares (“Class A Shares”) and Class B Non-Voting Participating Shares (“Class B Shares”) in connection with the proposed business combination with Rogers Communications Inc. (“Rogers”).
Shaw and Rogers agreed to combine their respective businesses in accordance with an arrangement agreement dated March 13, 2021 pursuant to which Rogers will acquire all of Shaw’s issued and outstanding Class A Shares and Class B Shares. The transaction will be implemented by way of a court-approved plan of arrangement (the “Arrangement”) under the
Rogers $16 Billion Takeover of Shaw Came After Bidding War leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.