- The Competition Bureau in Canada has given the go-ahead to Shaw Communications' (NYSE:SJR) C$1.6B bid for Wind Mobile.
- The news clears the way for Shaw to jump into the wireless market by acquiring the country's fourth-largest provider.
- The regulator said the deal wasn't likely to lessen competition since Shaw doesn't currently own any wireless assets.
- Shaw had considered an entry into the market as long ago as 2011 but seemed to have abandoned those ambitions and sold spectrum last year.
- Shares in Shaw have fallen 21.9% in the six weeks since it announced the bid. Shares are up 0.6% after hours in U.S. trading today.
- Previously: Canadian telecoms off sharply following Shaw's entry to wireless (Dec. 17 2015)
- Previously: Shaw Communications -9.2% in wake of C$1.6B WIND Mobile purchase (Dec. 17 2015)
- Previously: Shaw Communications buys into wireless with C$1.6B WIND acquisition (Dec. 16 2015)