(Reuters) – Canadian funding agency Globalive Capital Inc mentioned on Thursday it has partnered with telecoms firm Telus Corp to bid for Shaw Communications Inc’s wireless business, Freedom Mobile.
Globalive’s transfer comes after Canada’s antitrust company deliberate to dam telecom big Rogers Communications Inc’s $16 billion deal to purchase Calgary-based Shaw on the grounds it could cut back competitors within the wireless business.
“Telus and we imagine that we’re a powerful treatment accomplice for Rogers to get the Shaw merger permitted. We are additionally satisfying the federal government’s considerations of being the fourth service,” Globalive Chairman Anthony Lacavera informed Reuters.
Rogers supplied to purchase Shaw for C$40.50 per share final 12 months to create the nation’s second-largest telecom firm and tackle rivals corresponding to BCE Inc in a extremely aggressive market.
According to a report from The Globe and Mail from March, Globalive had supplied to purchase Freedom Mobile for C$3.75 billion ($2.94 billion) in money.
Rogers reportedly had additionally requested Montreal-based telecommunications and media firm Quebecor to bid for Shaw’s wireless business.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri)
