Rogers stands to gain nearly half a million customers as part of deal to sell Freedom Mobile

Rogers stands to gain nearly half a million customers as part of deal to sell Freedom Mobile

Although Rogers plans to sell Freedom, the Competition Bureau has argued that separating the wireless carrier from Shaw’s cable network would reduce Freedom’s ability to compete.Spencer Colby/The Globe and Mail Rogers Communications Inc. RCI-BT stands to pick up 450,000 new cellphone clients as part of its agreement to sell wireless carrier Freedom Mobile to Quebecor … Read more

Rogers strikes deal to sell Freedom Mobile to Quebecor for $2.85-billion

Rogers strikes deal to sell Freedom Mobile to Quebecor for .85-billion

Rogers Communications Inc. has struck a deal to sell wireless carrier Freedom Mobile to Quebecor Inc. for $2.85-billion in order to win regulatory approval of Rogers’ takeover of Shaw Communications Inc. The two parties have been in talks for weeks, after Rogers entertained several other bidders. Shaw’s Freedom Mobile is Canada’s fourth-largest wireless carrier, with … Read more

Aggressive wireless competition, lower prices drives Quebecor CEO’s thirst for Freedom Mobile

Aggressive wireless competition, lower prices drives Quebecor CEO’s thirst for Freedom Mobile

Pierre Karl Péladeau, president and CEO of Quebecor, speaks with reporters in Ottawa on May 31.PATRICK DOYLE/The Canadian Press Pierre Karl Péladeau wants the rest of Canada to look like Quebec. Deep in talks with Rogers Communications Inc. RCI-BT to buy cell phone network Freedom Mobile and transform his regional telecom company into a national … Read more

Globalive bypasses Rogers, takes Freedom bid straight to Shaw

Globalive bypasses Rogers, takes Freedom bid straight to Shaw

Shaw’s Freedom Mobile is up for sale as part of Toronto-based Rogers’s proposed $26-billion takeover of Calgary-based Shaw.Nathan Denette/The Canadian Press Globalive Capital has taken its $3.75-billion offer for wireless carrier Freedom Mobile directly to Shaw Communications Inc. SJR-BT amid frustration Rogers Communications Inc. RCI-BT has blocked the investment firm from the sale process. Shaw’s … Read more

Air travel: Swoop says spiking fuel costs mean price fares

Air travel: Swoop says spiking fuel costs mean price fares

An ongoing spike in jet fuel prices will have to be passed on to passengers – at least in part – even as competition ramps up among discount carriers, says the new president of budget airline Swoop. Bob Cummings, named head of the WestJet Group’s ultra-low-cost subsidiary last week, said in an interview that budget … Read more

Buy American: Biden wants US steel, iron for infrastructure

Buy American: Biden wants US steel, iron for infrastructure

WASHINGTON — The Biden administration is taking a key step toward ensuring that federal dollars will support US manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material. The guidance being issued Monday requires that the material purchased — whether it’s for a bridge, a highway, … Read more

Alex Jones’s InfoWars files for bankruptcy in US court

Alex Jones’s InfoWars files for bankruptcy in US court

Far-right wing website InfoWars on Sunday filed for voluntary Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of Texas in the face of multiple defamation laws. Chapter 11 bankruptcy procedures put a hold on all civil litigation matters and allow companies to prepare turnaround plans while remaining operational. Alex Jones, … Read more

Elon Musk: Tesla stockholders for silence in fraud case

Elon Musk: Tesla stockholders for silence in fraud case

DETROIT — A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case. Lawyers for stockholders of the Austin, Texas-based company also say in court documents that the judge in the case has ruled … Read more