today is the deadline Rogers Communications Inc., Shaw Communications Inc. and quebecore Inc. to reach a definitive agreement on the sale of wireless carrier Freedom Mobile.
Last month, Rogers announced that it would sell Freedom to Quebec for $2.85 billion, hoping it would appease federal regulators opposing Shaw’s proposed $26 billion acquisition.
The deal will buy Quebecer all of Freedom’s branded wireless and Internet customers, as well as its infrastructure, spectrum and retail locations.
Rogers, Shaw and Quebecer argue that their agreement will effectively survive a “strong and durable” fourth wireless carrier in Canada as the deal expands Quebecer’s wireless operations nationally.
The deadline comes as Rogers overcomes the fallout from its nationwide service outage that began last Friday and affected millions of customers.
The Rogers-Shaw transaction already has approval from shareholders and the Canadian Radio-television and Telecommunications Commission, but still requires approval from the Competition Bureau and Innovation, Science and Economic Development Canada.
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