Quebecor to acquire Freedom Mobile from Rogers and Shaw for $2.2bn.

Quebecor, a provider of mobile and fixed-line telecom services, agreed to acquire Freedom Mobile, a provider of mobile and wireless mobile services, from Rogers, a Canadian communications and media company, and Shaw, a cable company, for $2.2bn. "Our agreement with Quebecor to divest Freedom is a critical step towards completing our proposed merger with Shaw. We strongly believe the divestiture will meet the Government of Canada’s objective of a strong and sustainable fourth wireless services provider. This agreement between proven cable and wireless companies will ensure the continuation of a highly competitive market with robust future investments in Canada’s world class networks. We look forward to securing the outstanding regulatory approvals for our merger with Shaw so that we can deliver significant long-term benefits to Canadian consumers, businesses and the economy," Tony Staffieri, Rogers President and CEO.