this post was submitted on 31 Aug 2023
64 points (98.5% liked)

Canada

7130 readers
255 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Regions


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

Canada's merger court asked the competition bureau to pay about C$13 million ($9.58 million) to Rogers Communications and Shaw Communications for the lengthy court battle after its failed attempt to block the telecom firms' C$20-billion merger.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 27 points 1 year ago

The bureau's biggest concern was the deal would lessen competition in a country where wireless bills are already among the highest in the world.

In March, Canada approved Rogers' buyout of Shaw Communications after securing binding commitments to pay financial penalties if it failed to create new jobs and invest to expand its network.

"We're concerned this blatant monopolization is going to cost Canadians more money on their basic services."

"Yeah, but if they throw a couple management positions in and hide their profits in 'network investments' (which may or may not include gobbling up even more service providers), then it's all good, right?"