On Air Now

World's Best Music

1:00am - 5:30am

  • 519-537-1047

Now Playing

TRAIN

DROPS OF JUPITER

Download

Rogers to Purchase Shaw Communications

Rogers is set to takeover Shaw Communications in a $26-billion deal that's set to close in the first half of 2022.

CANADA - Rogers is set to buy Shaw Communications in a $26-billion deal including debit.

It's going to pay $40.50 for all issued and outstanding class A and B shares. Class B shares closed at $23.90 on the Toronto Stock Exchange on Friday.

Rogers is planning to invest $2.5-billion towards building 5G networks in Western Canada over the next five years. It's also creating a $1-billion fund in order to provide high-speed internet service to rural, remote and Indigenous communities out west.

The deal is expected to close in the first half of 2022 but it's still subject to other customary closing conditions and approvals from Canadian regulators.

More from Local News

Comments

Add a comment

Log in to the club or enter your details below.
Rating *

Weather

Recently Played