An article about two big Canadian media companies.
|Two well known Canadian media companies are coming together.
Rogers Cable is planning to buy Shaw Cable for $26 billion.
The two companies said they're going to invest $2.5 billion in 5G network capacity in Western Canada over a five year period.if the deal goes ahead.
The companies are also pledging $1 billion to bring high speed internet to rural and indigenous communities.
Scotiabank Analyst, Jeff Fan said the deal makes sense for both companies.
The two companies hope to close the deal in the first half of 2022.
The two companies said that they're going to work cooperatively and constructively with the Competition Bureau.
The companies want to work with the Canadian Radio-Television Telecommunications Commission.
The companies also wants to work with the Ministry of Innovation Science and Economic Development.