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© Reuters. FILE PHOTO: General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio
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© Reuters. FILE PHOTO: General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio
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OTTAWA (Reuters) – Canada’s Alberta province will intervene in competition tribunal proceedings of a proposed C$20 billion ($15.33 billion) merger between Rogers (NYSE:) Communications Inc and Shaw Communications (NYSE:) Inc because it will impact the provincial economy, Alberta’s attorney general said in a notice on Tuesday.
The companies “have significant presence in Alberta’s telecommunications market and their successes and failures will impact Alberta’s consumers, workers, and, potentially, other aspects of Alberta’s economy,” according to the notice posted on the competition tribunal’s website.
Shaw is based in Calgary, Alberta, while Rogers is based in Toronto.
($1 = 1.3046 Canadian dollars)
