Competition Bureau Won't Challenge Shaw's Acquisition Of Wind Mobile

Darpan News Desk The Canadian Press, 05 Feb, 2016 11:51 AM

OTTAWA — The federal Competition Bureau says it won't challenge the proposed $1.6-billion acquisition of struggling wireless carrier Wind Mobile by Shaw Communications.

In issuing its "No Action Letter," the federal watchdog agency said the acquisition appears to pose no threat of a substantial lessening or prevention of competition.

The bureau said the two companies do not compete against each other since Shaw does not own currently own wireless assets.

Consequently, the proposed takeover also does not increase concentration in the Canadian mobile wireless industry.

Meanwhile, as a result of the deal, Shaw (TSX:SJR.B) will replace Wind as a competitor to the three national mobile wireless service providers — Bell (TSX:BCE), Rogers (TSX:RCI.B) and Telus (TSX:T) — in urban areas of southern and eastern Ontario, Alberta and British Columbia.

Prev Next

MORE National ARTICLES

Shaida Bandali, Former Rouge Valley Hospital Clerk Fined $36,000 For Selling Patient Information

Former hospital clerk Shaida Bandali has been sentenced to two years' probation, 300 hours of community service and $45,000 in penalties for handing over the personal information of new mothers to investment dealers

Shaida Bandali, Former Rouge Valley Hospital Clerk Fined $36,000 For Selling Patient Information

Wounded Oct. 22 Officer Tells His Story As 20 Honoured For Bravery

Const. Samearn Son was one of 20 parliamentary security officers and Mounties honoured Monday at RCMP headquarters for their bravery on Oct. 22 of last year.

Wounded Oct. 22 Officer Tells His Story As 20 Honoured For Bravery

Apparent Provincial Climate Unity Gives Trudeau Tailwind En Route To Paris

A meeting of Canada's first ministers Monday in Ottawa — the first in almost seven years — ended with 11 provinces and territories humming from the same environmental hymn book as Trudeau's newly elected Liberals.

Apparent Provincial Climate Unity Gives Trudeau Tailwind En Route To Paris

Syrian Refugee Plan Milestone For One Man, New Beginning For Thousands Of Others

Almost exactly three years ago, Faisal Alazem appeared before a House of Commons committee and urged Canada to do more to help the millions of Syrians caught up in that country's brutal civil war.