Aug 5 (Reuters) – The Canadian regulator trying into telecom firm Rogers Communications’ deliberate C$20 billion ($16 billion) buy of Shaw Communications , has obtained court docket orders to advance its evaluation, the Competitors Bureau mentioned on Thursday.
In March, Rogers agreed to purchase Shaw in a deal that might create Canada’s second-largest mobile and cable operator.
The Canadian authorities was fast to say it could appeal to stiff regulatory scrutiny, together with an investigation from the Competitors Bureau and a parliamentary listening to.
The orders obtained earlier this week will enable the bureau to compel corporations together with BCE Inc , TELUS Corp and Quebecor Inc-owned Videotron to provide data related to the investigation, an announcement from the bureau mentioned.
It’s not clear how lengthy the investigation will take, the assertion mentioned.
Rogers and Shaw declined to touch upon the transfer.
Rogers shares have been flat whereas Shaw shares have been up 0.8%, whereas the benchmark Canadian share index was up 0.4%.
Reporting by Moira Warburton in Vancouver;
Modifying by Chris Reese