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home / news releases / SJR.B:CC - Canadian govt said to consider Quebecor a credible bidder for Shaw's Freedom Mobile

SJR.B:CC - Canadian govt said to consider Quebecor a credible bidder for Shaw's Freedom Mobile

Shaw Communications Inc. Class B Non-Voting Shares
Canadian telecom operator Quebecor (OTCPK:QBCRF) is said to be viewed as a legitimate buyer for Shaw Communications' (NYSE:SJR) Freedom Mobil business after Canada's antitrust regulator said it planned to block the Roger's (NYSE:RCI) deal due to regulatory concerns. Shaw's ticked up 0.3% on the news. The government would tend to view a Quebecor purchase of Freedom Mobile more positively, according to a Reuters report, which a cited an unidentified federal government source. Rogers (RCI) has asked Quebecor to bid for Freedom Mobile, according to a Globe & Mail report from Friday. Canada's antitrust regulator informed Rogers Communications (RCI) and Shaw Communications (SJR) of its intention to oppose the $16 billion transaction late Friday.  The companies have been trying to remedy the regulator's concerns through proposing the full sale of Shaw’s wireless business, Freedom Mobile. Rogers (RCI) announced its agreement to acquire Shaw (SJR) in March of last year.

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Canadian govt said to consider Quebecor a credible bidder for Shaw's Freedom Mobile
Stock Information
Company Name: Shaw Communications Inc. Class B Non-Voting Shares
Stock Symbol: SJR.B:CC
Market: TSXC
Website: shaw.ca
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