Shaw stays optimistic it will possibly full Rogers deal regardless of opposition – Enterprise Information

Shaw stays optimistic it will possibly full Rogers deal regardless of opposition – Enterprise Information

Shaw stays optimistic

The Canadian Press – | Story: 398857

Shaw Communications Inc. says it stays optimistic the corporate will be capable to full its deal to be purchased by Rogers Communications Inc. regardless of opposition from the Competitors Bureau.

Brad Shaw, the corporate’s government chair and chief government, says the corporate stays dedicated to the deal that may additionally see Videotron Ltd. purchase Shaw’s Freedom Cell wi-fi enterprise.

The feedback got here as Shaw reported a fourth-quarter revenue of $169 million or 34 cents per diluted share, down from a revenue of $252 million or 50 cents per diluted share in the identical quarter final yr.

Income for the three-month interval ended Aug. 31 totalled $1.36 billion, down from $1.38 billion in the identical quarter a yr earlier.

The Competitors Bureau is searching for to dam the Rogers-Shaw transaction due to considerations the deal would result in worse companies and better costs for customers.

A listening to on the Competitors Tribunal weighing the deal is ongoing and anticipated to run till mid-December.

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