Canada on Friday approved Rogers Communications Inc’s C$20 billion ($14.8 billion) buyout of Shaw Communications after securing commitments from them to promote competition in a market with some of the highest wireless bills in the world. The final nod from Minister of Innovation, Science and Industry Francois-Philippe Champagne capped two years of antitrust uncertainty and paves the way for the creation of Canada’s No. 2 telecoms firm.
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