Every way Freedom Mobile can be sold

Every way Freedom Mobile can be sold

Rogers’ merger with Shaw Communications has grabbed the headlines for the better part of last year, as it slowly approaches completion.

The $26 billion acquisition is arguably one of the largest of its kind, and will change the way the wireless market operates, a cause of contention for many.

With Canadians paying some of the highest mobile phone bills globally, many are concerned that the merger could further affect their bills. Concern is also playing into the minds of federal regulators. The Competition Bureau, one of the federal bodies that must approve the merger, has filed motions to prevent Rogers’ acquisition of Shaw.

“We are taking action to prevent this merger to preserve competition and choice for an essential service that Canadians expect to be affordable and high-quality,” said Competition Commissioner Matthew Boswell.

The bureau is concerned about Shaw’s removal because its own entity will limit competition in an already concentrated wireless market. The bureau found that competition between Rogers and Shaw has decreased and will continue if the merger is approved. They said Shaw’s wireless offering is already a well-established competitor and that eliminating it would reduce competition within and outside of Shaw’s service area.

Rogers sells Freedom Mobile to appease federal agencies. (Image credit: Shutterstock)

to me ReutersThe bureau’s decision to block the merger doesn’t mean they can’t reach a conclusion with Rogers. The spokesperson told the newspaper, “The commencement of litigation does not prevent the parties and the Bureau from reaching an agreement to address competition concerns at any time.”

Rogers is looking to sell Freedom Mobile to allay competition concerns. But the real game is finding a carrier that can make Freedom Mobile a fourth contender, and there are a lot of ways that can be done.

Xplornet

Xplornet Communications appears to have been the first company that Rogers took an interest in. In April, it was Globe and Mail It reported that Rogers submitted a deal to the federal government to see the rural internet service provider, which is owned by New York-based Stonepeak Infrastructure Partners, buy Freedom Mobile.

Anthony LaCavira expressed interest in buying Freedom Mobile before Rogers said it would sell the original.

Executives from Xplornet and Rogers have remained calm about the potential offer. During Rogers’ Q1 2022 conference call, CEO Tony Staveri said, “We will not comment on any rumors out there.”

Stonepeak acquired Xplornet in June 2020.

Globalive

Globalive founder Anthony Lacavera expressed interest in buying Freedom Mobile before Rogers announced that it would sell the asset. La Cavira started Wind Mobile in 2008 before being sold to Shaw in 2015. The company’s name was changed to Freedom Mobile in 2016.

Globalive’s bid is worth $3.75 billion, according to Globe and Mail Twin Point Capital and the Baupost Group are helping to finance the project.

La Cavira has increasingly made it clear that he wants to acquire Freedom Mobile. Tell mobile drink The company was able to compete “head-on” with competitors when Globalive headed the company, and they will do so again if they acquire Freedom Mobile.

La Cavira said regulatory issues contributed to the company’s sale to Shaw. At the time, the investors he brought faced regulatory approvals to continue operating in Canada. lacavira said mobile drink His current investment group is primarily based in the United States.

The company can face similar regulatory issues despite careful actions, repeating its past. While any of the investors in the company’s offerings may encounter regulatory issues down the road, Globalive has really lived through this and shown they can’t hold on to the company.

MobileSyrup interviewed Anthony LaCavira in 2014.

kibekor

Québecor Inc. conducts Also talks to acquire Freedom Mobile despite being excluded from previous decisions. Vidéotron’s parent company owns 294 blocks of spectrum in the 3500MHz band across Canada, which is seen as positive when it comes to expanding wireless services.

While Québecor Inc. About her desire to acquire Freedom Mobile, she also said that she might instead choose to expand her business elsewhere.

Commenting on this specific situation is certainly not in our interest, Québecor CEO Pierre-Carl Bellado said of its engagement with Freedom Mobile during a conference call discussing the company’s first-quarter financial results.

new offer

As I mentioned before Globe and Mail The latest group of buyers consists of the LiUNA Pension Fund for Central and Eastern Canada, Musqueam Capital Corp., Tsleil-Waututh Nation, Fengate Asset Management and Aquilini Equities. In the publication report, the company collectively submitted an offer to the federal government to acquire Freedom Mobile.



2022-05-17 17:47:00

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