(Toronto) Rogers Communications and Shaw Communications say talks with the Competition Bureau this week failed to resolve the regulator’s objections to their proposed merger.
Posted at 8:30 a.m.
The companies met with the competition watchdog on Monday and Tuesday as part of a mediation process.
The regulator tried to block the merger, arguing it would reduce choice for Canadians and lead to higher bills for consumers.
Rogers and Shaw say the review process for their deal will continue as previously stated, adding that they are open to further discussions with the regulator at any time.
The companies say they intend to continue working to showcase the benefits of their merger, including the proposed sale of Freedom Wireless to Quebecor.
The Rogers-Shaw transaction has already received shareholder and Canadian Radio-television and Telecommunications Commission (CRTC) approval, but remains subject to review by the Competition Bureau and the Department of Innovation, Science and of economic development.
Companies in this story: (TSX: RCI.B, TSX: SJR.B)