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Entertainment CRTC hearings begin on proposed Rogers Communications deal to buy Shaw

21:06  22 november  2021
21:06  22 november  2021 Source:   msn.com

Rogers family drama: What to know and why you should care

  Rogers family drama: What to know and why you should care Rogers Communications Inc. finds itself engulfed in a family drama that has spilled out of the boardroom and into the public eye. Here's why you should pay attention.The warning from experts comes as the Canadian telecommunications giant continues to make headlines over a feud involving ousted company chair Edward Rogers, his family and executives.

Rogers Communications Inc. told a federal telecoms regulator hearing Monday that its proposed $26-billion takeover of Shaw Communications Inc. will enhance competition, but made no guarantees that Shaw customers won't see rates rise.

  CRTC hearings begin on proposed Rogers Communications deal to buy Shaw © Provided by The Canadian Press

Toronto-based Rogers told the CRTC hearing in Ottawa that the deal to increase its scale was needed to compete in the increasingly globalized market for content and rising expectations on digital offerings.

Company chair Edward Rogers, who recently won a high-profile court battle over control of the company's leadership, said that Canada is no longer an island and telecoms providers need the resources to compete on a global stage.

If Edward Rogers referred to Masai Ujiri as 'arrogant,' he gave the game away

  If Edward Rogers referred to Masai Ujiri as 'arrogant,' he gave the game away As CBC Sports Senior Contributor Morgan Campbell writes, if Edward Rogers disliked simple overconfidence, he wouldn't hang around the C-suite, where high self-regard is a job requirement. And he certainly wouldn't jet to Mar-a-Lago to pose for pictures with Donald Trump. Even people who like the ex-president, and who buy his lies about a rigged election, wouldn't confuse him for somebody humble. The hubris is part of the brand. When white people deploy the word "arrogant," they're aware of the racial freight it carries. That's why they use it.

Brad Shaw, chief executive of Shaw, said that the proposed deal comes at a critical turning point in the industry and that Shaw alone can't meeting the evolving needs of Canadians.

Company representatives said the deal will mean increased competition on broadcast services in the west, especially in rural communities where Telus Corp. is often the only competition.

Rogers, however, stopped short of assuring that Shaw customers wouldn't see rate increases, but said that any price increases would be in line with what Shaw has been doing for decades and that stiff competition from Telus is the best check against it raising prices.

“The best assurance you have is the most incredibly aggressive competitor in the west, which is Telus," said Dean Prevost, head of Rogers Connected Home. "Raising rates isn’t an act alone, it’s an act in a marketplace."

Toronto mayor defends role in Rogers family trust amid boardroom drama

  Toronto mayor defends role in Rogers family trust amid boardroom drama Toronto’s mayor faced a number of questions Wednesday about his involvement with the Rogers Control Trust, as the fight for power at the telecom giant continues. Toronto Mayor John Tory responded to questions about his role in the Rogers family trust on Wednesday, saying it hasn't affected his commitment to the top job at City Hall.

The Canadian Radio-television and Telecommunications Commission is hearing from Rogers and Shaw Monday, while other interested parties including Telus Communications Inc., BCE Inc. and consumer advocacy groups are scheduled to speak throughout the week of hearings.

The commission is tasked with considering whether Rogers should be allowed to take over Shaw's broadcast businesses including cable networks in British Columbia, Alberta, Saskatchewan and Manitoba, the satellite-based Shaw Direct TV service, and a satellite relay system.

The CRTC won't be considering the market implications for mobile wireless, which will be part of the reviews done by the Competition Bureau and from Innovation, Science and Economic Development Canada.

This report by The Canadian Press was first published Nov. 22, 2021.

Companies in this story: (TSX:RCI.B; TSX:SJR.B)

The Canadian Press

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