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

Canada

9911 readers
1136 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

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


founded 4 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 2 years 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?"