RCI.B:CC - Rogers Shaw seek merger mediation with mobile divestment in question

Rogers Communications (NYSE:RCI) and Shaw Communications (NYSE:SJR) have confirmed to Canada's Competition Tribunal that they will seek mediation on their planned C$26B merger, with questions continuing to center on Shaw's wireless business. The mediation period has previously been set for July 4-5. The request came at a deadline set by the Tribunal for seeking mediation. Shares of both Rogers and Shaw are higher amid broader market gains Friday: RCI +1.4%, SJR +1%. The merger of two of Canada's top communications companies has several interested regulatory stakeholders, including Canada's Competition Bureau, Competition Tribunal, the Canadian Radio-television and Telecommunications Commission, and the minister of Innovation/Science/Industry. Late last Friday, Rogers, Shaw and Quebecor (OTCPK:QBCRF) announced a deal to sell Shaw's Freedom Mobile unit to Quebecor for C$2.85B (about $2.3B), addressing a key regulatory concern. But the Competition Bureau had previously said selling Freedom Mobile might be insufficient to clear the deal, and Reuters

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Rogers, Shaw seek merger mediation with mobile divestment in question