Rogers Communications Inc's long battle to buy smaller rival Shaw Communications Inc overcame a major hurdle after the Canada Competition Bureau dropped plans to kill the deal following two defeats in courts in less than a month.
"This is essentially a done deal, barring any surprises from Minister Champagne," Aaron Glick, analyst with New York-based investment firm Cowen, said. "Investors think he waits for INDU’s hearing before signing off on the spectrum transfer."
Brian Masse, a New Democratic Party parliamentarian asked Anthony Durocher, deputy commissioner, Competition Promotion Branch at the competition bureau, whether the laws of the antitrust agency need to be modernized. However, the committee's report has potential political implications for Champagne's decision, Bank of Nova Scotia analysts said in a note late Tuesday.
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