Canada's merger court asked the competition bureau to pay about C$13 million ($9.58 million) to Rogers Communications and Shaw Communications for the lengthy court battle after its failed attempt to block the telecom firms' C$20-billion merger.
Things should be moving in the other direction. The entire point of antitrust is to prevent things from getting to where they already are. None of the telecoms should be growing in power or consolidating at this point, and there was no good reason to allow it. There is already a disgusting overreach of power, and antitrust should be actively making changes to increase competition and set guardrails. Rogers should also not be gaining after they downed important services over the entire country for a whole day.
Notably, the restrictions and promises made to allow the deal were an absolute joke, and the citizens come out last here. There was no reason to allow the insulting deal that was allowed.
This 26 billion dollar deal is supposed to come with billions of dollars in required efforts. The punishment for failure is a fine that is… A fraction of what those efforts cost. 1/26 of what was spent on the deal paid over ten years.
The amount of money given to these companies is already absurd.
And now we are paying Rogers ten million for necessary due diligence? The power dynamic is beyond broken.
Things should be moving in the other direction. The entire point of antitrust is to prevent things from getting to where they already are. None of the telecoms should be growing in power or consolidating at this point, and there was no good reason to allow it. There is already a disgusting overreach of power, and antitrust should be actively making changes to increase competition and set guardrails. Rogers should also not be gaining after they downed important services over the entire country for a whole day.
Notably, the restrictions and promises made to allow the deal were an absolute joke, and the citizens come out last here. There was no reason to allow the insulting deal that was allowed.
This 26 billion dollar deal is supposed to come with billions of dollars in required efforts. The punishment for failure is a fine that is… A fraction of what those efforts cost. 1/26 of what was spent on the deal paid over ten years.
The amount of money given to these companies is already absurd.
And now we are paying Rogers ten million for necessary due diligence? The power dynamic is beyond broken.