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Canadian cable giants Rogers, Shaw announce merger

Canada’s largest cable television provider Rogers Communications has agreed to buy the country’s second-largest cable TV company Shaw Communications in a deal valued at over C$20 billion ($16 billion U.S.), the two media giants announced in a press release on Monday.

The merger is expected to be competed in early 2022 if both companies secure approvals from Canadian regulators.

If approved, Rogers has promised to invest more than C$2.5 billion ($2 billion U.S.) in building out 5G wireless networks in western Canada where Shaw primarily offers cable television services. Rogers also promised to set aside funds for building up broadband networks in rural and indigenous areas.

In addition to cable television, Rogers operates a national wireless phone network with more than 10 million subscribers, while Shaw offers satellite television throughout the country.

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About the Author:

Matthew Keys

Matthew Keys is a nationally-recognized, award-winning journalist who has covered the business of media, technology, radio and television for more than 11 years. He is the publisher of The Desk and contributes to Know Techie, Digital Content Next and StreamTV Insider. He previously worked for Thomson Reuters, the Walt Disney Company, McNaughton Newspapers and Tribune Broadcasting.
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