Rogers, Shaw say Canada antitrust talks fail

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Rogers, Shaw say Canada antitrust talks fail

Rogers, Shaw say that Canada's antitrust talks on blocked deal did not result in a resolution. Rogers said on Wednesday that possible remedies to the blocked C $20 billion $15.34 billion takeover of Shaw Communications did not result in a resolution.

The Commissioner of Competition has blocked the deal, saying it would hamper competition in the country, where telecom rates are the steepest in the world, according to Finnish consultancy firm ReWheel.

Rogers and Shaw are not able to continue their discussions with the Commissioner at any time, as the July deadline for the deal closure nearss, the wireless companies said in a statement.

Rogers agreed to sell Freedom Mobile, one of Shaw's cellular businesses, to Montreal-based Quebecor, to allay antitrust concerns.

The regulator has previously said that it would not be able to address antitrust concerns because it was studying the potential sale's impact on competition.

The Canadian province of Alberta plans to intervene in the competition review of the deal on Tuesday.