Rogers and Shaw ink C$2.85 billion deal for Freedom

Canadian telcos Rogers and Shaw have inked a deal for the sale of the latter’s Freedom Mobile arm, a move they hope will give them the freedom to push ahead with their merger plan.
The telcos have agreed to sell Freedom Mobile to telecoms and media company Quebecor for C$2.85 billion, on a cash-free and debt-free basis. Quebecor was one of a number of firms reportedly interested in acquiring Freedom Mobile, and while there was talk of higher offers from elsewhere, the regional operator has