Orange is going red

[will13am]

The assimilation of the little 3 will soon be complete.  

https://www.theglobeandmail.com/business/article-rogers-seeks-to-buy-shaw-for-204-billion-in-deal-th...

[hTideGnow]

"You are Richer than you think".. this is for the monopoly    😞

Yes, since this affect Freedom , I am not surprise a dramatic change to the Tier3. 

Maybe Tier3 and 2 will merge to have price plans in between.  of course, they will make it sound like a Win-Win:  PM will now get full 4G or even 5G coverage while Koodo customers will see slightly decrease in price, or not price change but more data limit.  However, end result is, those who doesn't need the service and willing to pay less no longer have this cheaper alternatives

[stevenanto]

I think Rogers does want to try to gain back Monopoly, Telus has been gaining ground in terms of market share over the years. 

I was actually wondering why the shaw stock jumped up like crazy yesterday and when I did more research it was evident. Shaw was a great stock to hold strictly for its dividend. 

[Anonymous]

It's all smoke and mirrors. The rich get richer. Plenty of small upstarts have come along and simply get bought up. Everybody has a price. Start up something. It becomes a going concern. Sell it to the highest bidder and go sip cocktails on a sunny warm beach somewhere.

The Shaw family will ride off into the sunset richer still. This very provider was the same story. It has ever been thus. 

[WoozyPolarBear]

I also hope the CRTC blocks this sale. They've been screaming to open up more competition in the marketplace, not decrease it even more....unless the CRTC is just blowing hot air and doesn't really have any bark behind their bite.

[WoozyPolarBear]

So just heard that Canada will be going from 4 major providers back down to the big 3 that dominated the 90's and 2000's all over again. With the loss of Freedom Mobile, will TELUS themselves pull the plug on Public Mobile, as they used PM in a large way to counter the offers that Freedom had. I'm thinking that the loss of Freedom Mobile will also have ripple effects to the 3rd tier carriers becoming "unnecessary" in the eyes of the parent companies, as they no longer will need a discount brand to combat Freedom. Dark day in Canadian Telecom IMO.

Source: Shaw - Rogers and Shaw to come together in $26 billion transaction, creating new jobs and investment...

Edit: Shaw isn't only selling Freedom Mobile to Rogers...Shaw - the entire company - is being sold to Rogers.

[BKNS27]

@AE_Collector I can see more increase from Rogers. I was a Mobilicity customer before it was bought out by Chatr. Although I was grandfathered on the low rates. The following year they increase rates on my plan but I was on the old Mobilicity coverage.
Chatr (Rogers) was increasing my rates almost every year. This year got a notice that they will increase my rate by $5 and I will be on the current Rogers coverage...that is when I decided to port over to PM.

No regrets so far on PM.

[AE_Collector]

@BKNS27 

Oh for sure, lots of hurdles to overcome to get this done which is far from guaranteed. The Cable TV side of the business isn't much of a big deal to regulators as they each have their own territory now that doesn’t overlap. But the federal government will certainly have much to say about losing the 4th place cell provider. Thus Rogers has already pledged a bunch of goodies to try to get them onboard up front. This will play out over the next year or more I would think.

AE_Collector

[BKNS27]

@AE_Collector It will still need approval from the CRTC for the merger.

All existing Freedom Mobile customers will not have a 3 year increase to their plan.

If approved by the CRTC, I guess there will be an increase of new customers switching to PM.

[will13am]

Repost.

https://productioncommunity.publicmobile.ca/t5/The-Lounge/Orange-is-going-red/m-p/665520#M13196

@computergeek541 , are you going to do your thing?  😏

[will13am]

---

@Anonymous wrote:

CBC did a little scrubbing. There was a quote from the Robbers chief piece of....

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“Fundamentally, this combination of two great companies will create more jobs and investment in Western Canada, connect more people and businesses, deliver best-in-class-services and infrastructure across the nation and provide increased competition and choice for Canadian consumers and businesses,” said Rogers CEO Joe Natale in the release.

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I found it somewhere else.

How can these psychopaths say these things with a straight face.

Oh right...they're smirking behind a mask.

And funny, when I think of corporate colours, I think Shaw blue in this case. But I know will13am is referring to Freedom orange.

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Telcos in Canada are a close knit family.  I used to be a Shaw customer.  Once day they did an asset swap with Rogers and I became a Rogers customer.  I sense that with this being a friendly merger, the feds will okay it but will throw in some conditions to make it look like they are placating to customer concerns.  For the home services, I see no real change in competition other than Rogers would have deeper pockets than Shaw.  The wireless market will be affected where Freedom operates.  Since Freedom is barely 10% of the the wireless market, whatever change could also be small.   

Honestly, the writing was on the wall as Shaw family members pass the torch.  It is capital intensive to run this kind of business.  It is not about Shaw not wanting to keep the business going.  With upcoming large expenditures like 5G rollout, they might not make it on their own.  

[AE_Collector]

Well here you go! As I have said before, if the USA cant support 4 National Cell providers, Canada isn't going to be able to either.

AE_Collector

Full Story from CBC:
https://www.cbc.ca/player/play/1873527875608

Rogers Communications has signed a deal to buy Shaw Communications in a transaction valued at $26 billion, including debt, which would create Canada's No. 2 cellular operator — but is likely to face stiff regulatory scrutiny.

Under the plan, Rogers will pay $40.50 in cash for each of Shaw's issued and outstanding class A and class B shares. Shaw's class B shares closed at $23.90 on the Toronto Stock Exchange on Friday.

As part of the transaction, the companies said Rogers will invest $2.5 billion in 5G networks over the next five years across Western Canada.

Rogers also says it will create a new $1 billion fund dedicated to connecting rural, remote and Indigenous communities across Western Canada to high-speed internet service.

By acquiring fourth-ranked Shaw, Rogers would leap past current No. 2 Telus to take on market leader BCE Inc., the publicly traded holding company for the Bell Canada group of companies.

[Anonymous]

CBC did a little scrubbing. There was a quote from the Robbers chief piece of....

---------

“Fundamentally, this combination of two great companies will create more jobs and investment in Western Canada, connect more people and businesses, deliver best-in-class-services and infrastructure across the nation and provide increased competition and choice for Canadian consumers and businesses,” said Rogers CEO Joe Natale in the release.

-------------

I found it somewhere else.

How can these psychopaths say these things with a straight face.

Oh right...they're smirking behind a mask.

And funny, when I think of corporate colours, I think Shaw blue in this case. But I know will13am is referring to Freedom orange.

[computergeek541]

---

@will13am wrote:

The assimilation of the little 3 will soon be complete.  

https://www.theglobeandmail.com/business/article-rogers-seeks-to-buy-shaw-for-204-billion-in-deal-th...

---

I think that it'll be blocked. 

If this proceeds, it'll turn into one network, leading to voice mainly being on HSPA band 2 and 5 (instead of band 4).  Even without that factor, the reason for Freedom offering more than the Big 3 has to with the poor network compared to the Big 3.  Such a merge would be bad for the Canadian consumer.  I don't pretend to believe that there's all that much competition going on to begin with, but this merger would make things worse.

[popping]

I know something is going to happen between the cable companies similar to the tower sharing between the phone companies.  Now, Shaw Mobile and Freedom can advertise Canada wide network if the merger/takeover is approved.