• Rogers Communications (RCI.B) and Shaw Communications (SJR.B) have issued a joint statement regarding the pending merger transaction
  • Both companies share the government’s view that affordable services should be available to all Canadians
  • The transaction will allow Rogers to create new jobs, increase competition, and bridge connectivity gaps in rural and remote areas
  • Rogers is a leading Canadian technology and media company
  • Shaw Communications Inc. is a leading Canadian connectivity company
  • Rogers Communications Inc. Class B Non-voting Shares opened trading at $67.68
  • Shaw Communications Inc. Class B Non-voting Shares opened trading at $38.00

Rogers Communications (RCI.B) and Shaw Communications (SJR.B) have issued a joint statement regarding the pending merger transaction.

We continue to work constructively with the government and regulators to close this transaction and deliver the benefits of the merger to all Canadians. We share the government’s view that affordable, high-quality services should be available to every Canadian and by coming together, Rogers and Shaw will make the generational investments in networks and technology that Canada needs to create new jobs, increase competition, and bridge connectivity gaps in rural and remote areas. We continue to expect the transaction to close in the first half of 2022.

Rogers is a leading Canadian technology and media company that provides communications services and entertainment to consumers and businesses. 

Shaw Communications Inc. is a Canadian connectivity company. The Wireline division consists of Consumer and Business services. The Wireless division provides wireless voice and LTE data services.

Rogers Communications Inc. Class B Non-voting Shares opened trading at $67.68.

Shaw Communications Inc. Class B Non-voting Shares opened trading at $38.00.

More From The Market Online
Rogers

Rogers reports 50% profit decline in Q1 despite revenue growth

Rogers Communications Inc. (TSX:RCI) faces a significant setback in its Q1 2024 performance, including a 50 per cent profit drop.

Liberty Defense expands its international customer base

Liberty Defense Holdings (TSXV:SCAN), a provider of artificial intelligence technologies, expands its international customer base.

Unsung profits: Three microcap stocks with a strong case for value

A key factor behind picking winning microcap value stocks is identifying dislocations between company performance and market perception.