Canada’s Rogers Communications Inc’s acquisition of Shaw Communications for C$20 billion ($14.8 billion) gets approved, with the condition that Rogers make financial commitments to create new jobs and expand its network, and pay penalties if it fails to do so. The approval from Minister of Innovation, Science and Industry Francois-Philippe Champagne brings an end to two years of antitrust uncertainty and allows for the formation of Canada’s second-largest telecommunications company in a market with some of the world’s highest wireless fees.
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