Rogers and Shaw Provide Statement Regarding Mediation with the Commissioner of Competition
July 06 2022 - 7:00AM
The early mediation between Rogers Communications Inc. (“Rogers”),
Shaw Communications Inc. (“Shaw”), and the Commissioner of
Competition on July 4 and July 5, 2022, did not result in a
resolution of the Commissioner’s objections to the proposed merger.
The review process will continue as previously disclosed. Rogers
and Shaw are not precluded from continuing discussions with the
Commissioner at any time.
Rogers and Shaw intend to continue to work constructively with
the Commissioner to highlight the many benefits of the merger to
all Canadians, including maintaining a strong and sustainable
fourth wireless carrier across Canada through the proposed
divestiture of Freedom Wireless to Quebecor Inc.
About RogersRogers is a leading Canadian
technology and media company that provides world-class
communications services and entertainment to consumers and
businesses on our award-winning networks. Our founder, Ted Rogers,
purchased his first radio station, CHFI, in 1960. Today, we are
dedicated to providing industry-leading wireless, cable, sports,
and media to millions of customers across Canada. Our shares are
publicly traded on the Toronto Stock Exchange (TSX: RCI.A and
RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more
information, please
visit: www.rogers.com or https://investors.rogers.com/.
About ShawShaw Communications Inc. is a leading
Canadian connectivity company. The Wireline division consists of
Consumer and Business services. Consumer serves residential
customers with broadband Internet, Shaw Go WiFi, video and digital
phone. Business provides business customers with Internet, data,
WiFi, digital phone and video services. The Wireless division
provides wireless voice and LTE data services. Shaw is traded on
the Toronto and New York stock exchanges and is included in the
S&P/TSX 60 Index (Symbol: TSX – SJR.B, NYSE – SJR, and TSXV –
SJR.A). For more information, please visit www.shaw.ca.
Caution Regarding Forward Looking
Statements
This news release may include “forward-looking statements”
within the meaning of applicable securities laws, including
statements about the ongoing proceedings before the Competition
Tribunal and possible negotiations between Rogers and Shaw and the
Commissioner of Competition regarding a potential resolution of the
Commissioner’s objections to the proposed merger. We caution that
all forward-looking information is inherently subject to change and
uncertainty and that actual results may differ materially from
those expressed or implied by the forward-looking information. A
number of risks, uncertainties and other factors could cause actual
results and events to differ materially from those expressed or
implied in the forward-looking information or could cause the
current objectives, strategies and intentions of Rogers and Shaw to
change. Such risks, uncertainties and other factors include, among
others, the possibility that the parties will not be able to reach
a resolution with the Commissioner of Competition and the outcome
of any proceedings before the Competition Tribunal. Accordingly, we
warn investors to exercise caution when considering statements
containing forward-looking information and that it would be
unreasonable to rely on such statements as creating legal rights
regarding the future results or plans of Rogers, Shaw or Quebecor.
We cannot guarantee that any forward-looking information will
materialize and you are cautioned not to place undue reliance on
this forward-looking information. Any forward-looking information
contained in this news release represent expectations as of the
date of this news release and are subject to change after such
date. All forward-looking statements are made pursuant to the
“safe harbour” provisions of the applicable Canadian and United
States securities laws. Neither Rogers, Shaw nor Quebecor are under
any obligation (and Rogers, Shaw and Quebecor expressly disclaim
any such obligation) to update or alter any statements containing
forward-looking information, except as required by law.
For more information:
Rogers Communications media
contact1-844-226-1338media@rci.rogers.com
Rogers Communications investment community
contactPaul
Carpino647-435-6470paul.carpino@rci.rogers.com
Shaw Communications Inc. contactChethan
Lakshman, VP, External
Affairs403-930-8448chethan.lakshman@sjrb.caShaw
Communications investment community
contactinvestor.relations@sjrb.ca
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