Competition challenge to Rogers, Shaw merger boosts Quebecor's chances, says industry watcher — via financialpost Telecom Rogers Shaw
Those assets, which include spectrum, could also be acquired on better terms, whether that’s price or network-sharing arrangement, or both, industry watchers say.
Quebecor, which has openly challenged the national wireless dominance of Rogers, Telus Corp., and BCE Inc.’s Bell network and pledged to bring down wireless prices for consumers as it has done in its home province of Quebec, was not seen as a favoured buyer by Rogers, a company it has tangled with in court over previous network-sharing arrangements.Article content
“We do not believe the deal is dead,” BMO’s Casey wrote. “In our view, Rogers and Shaw are highly motivated to reach a settlement with a remedy partner rather than pursue a path of litigation with the Competition Tribunal.” Xplornet, owned by private equity firm Stonepeak Infrastructure Partners, has reportedly emerged as a contender for the assets, which analysts have said could fetch up to $4 billion.Article content
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