Rogers Asks Quebecor to Join Shaw’s Freedom Mobile Bid: Report

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Canadian wireless giant Rogers Communications Inc has asked telecommunications company Quebecor Inc to join in a bid for Freedom Mobile from Shaw Communications Inc, The Globe and Mail reported on Friday, citing an unnamed source.

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Rogers said last year it would buy Shaw for about $20 billion in a deal that would create Canada’s second-largest cellphone and cable operator.

In March, Canada’s telecommunications regulator conditionally approved Rogers’ acquisition of Shaw’s Freedom Mobile. Two other regulators, the Competition Bureau and Innovation, Science and Economic Development Canada, are reviewing Rogers’ plans to buy the rest of Shaw’s business.

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Friday’s report comes two months after Canadian investment firm Globalive offered $2.9 billion for Freedom Mobile.

Rogers, Shaw and Quebecor did not immediately respond to Reuters requests for comment outside of business hours.

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