A number of top Canadian law firms are acting on the huge telecom announcement Monday that sees Rogers Communications agreeing to buy Shaw Communications in a market-changing deal valued at CDN$26 billion, factoring in debt.
The transaction, which would combine Canada’s two largest cable companies as well as their wireless networks, still requires approval from shareholders and the federal Competition Bureau and Canadian Radio-television and Telecommunications Commission. It is likely to attract intense government scrutiny as the deal would eliminate one of Canada’s four major telecom companies and make Rogers the country’s second-largest wireless company after BCE Inc., leapfrogging past Telus Inc.
