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Canada's antitrust agency is seeking to block Rogers Communications Inc<\/a>'s $16 billion deal to buy Shaw Communications Inc<\/a> on the grounds that it would lead to less competition in the wireless industry<\/a>.
Rogers offered to buy Shaw for C$40.50 per share last year to create the country's second-largest telecom company and take on rivals Telus Corp<\/a> and BCE Inc<\/a> in a highly competitive market.
\"Eliminating Shaw would remove a strong, independent competitor in Canada's wireless market - one that has driven down prices, made data more accessible, and offered innovative services to its customers,\" Commissioner of Competition Matthew Boswell said on Monday.
The news sent shares of Shaw Communications tumbling 7.7% in afternoon trading, while those of Rogers fell 3.5%.
Both, Rogers and Shaw did not immediately respond to Reuters' requests for comment on the Competition Bureau's statement.
The two companies have offered to address competition concerns by divesting Shaw's Freedom Mobile business, the country's fourth-largest wireless carrier.
\"Although there is still a strong probability that the transaction can ultimately get done, one has to concede that deal risk has risen meaningfully,\" Canaccord Genuity analyst Aravinda Galappatthige said.
The companies have extended the closure of the deal by a month to July 31.
A report in the Globe and Mail newspaper on Friday said Rogers had asked telecom firm<\/a> Quebecor<\/a> Inc to join a bid for Shaw's Freedom Mobile.
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- Telecom乐动扑克News
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加拿大反垄断机构试图阻止Rogers-Shaw 16美元左右合并
罗杰斯提出购买肖去年每股40.50加元创建中国第二大电信公司和竞争对手泰勒斯集团和公元前公司在一个高度竞争的市场。
加拿大反垄断机构正试图阻止罗杰斯通信公司160亿美元的收购肖通信公司,因为它会导致更少的竞争无线产业。
罗杰斯提出购买肖去年每股40.50加元创建中国第二大电信公司和竞争对手Telus公司和公元前公司在一个高度竞争的市场。
“消除肖将删除一个强大、独立的竞争对手在加拿大的无线市场,压低房价,使数据更容易,并为其客户提供创新服务,“竞争专员马修·博斯韦尔周一表示。
肖通信的乐动扑克消息使股票在下午的交易中下跌7.7%,而罗杰斯下跌了3.5%。
,罗杰斯和肖没有立即回复记者路透的竞争局的声明置评请求。
这两家公司提供了解决竞争问题剥离Shaw的自由移动业务,全国第四大无线运营商。
“尽管仍有强烈的概率事务可以最终完成,必须承认,交易风险显著上升,“Canaccord Genuity分析师Aravinda Galappatthige说。
交易的公司延长关闭了一个月,7月31日。
环球邮报》周五报道说,罗杰斯问道乐动扑克电信公司 Quebecor公司加入竞购Shaw的自由移动。
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