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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

Canada's merger court asked the competition bureau to pay about C$13 million ($9.58 million) to Rogers Communications and Shaw Communications for the lengthy court battle after its failed attempt to block the telecom firms' C$20-billion merger.

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[-] adespoton@lemmy.ca 7 points 1 year ago

The back-story here: a couple of decades ago, Rogers decided to expand east after profitable regions, instead of being a western cable company in direct competition with Shaw. After they realized how much more money they were making, they then sold Western Canada holdings to Shaw.

Fast forward to today, and these not-really-competing cable companies turned media conglomerates want to merge, leaving us with Telus and Bell as the competition.

[-] Vampiric_Luma@lemmy.ca 1 points 1 year ago

What is this, Agar.io?

this post was submitted on 31 Aug 2023
64 points (98.5% liked)

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