Canada‘s Globalive ties up with Telus for Shaw’s wireless business

div classBodysc17zpet90 cdBBJodivpReuters – Canadian investment firm Globalive Capital Inc said on Thursday it has partnered with telecoms company Telus Corp to bid for Shaw Communications Incs wireless business, Freedom Mobile.p

pGlobalive‘s move comes after Canada’s antitrust agency planned to block telecom giant Rogers Communications Incs 16 billion deal to buy Calgarybased Shaw on the grounds it would reduce competition in the wireless industry.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“Telus and we believe that we are a strong remedy partner for Rogers to get the Shaw merger approved. We are also satisfying the governments concerns of being the fourth carrier,” Globalive Chairman Anthony Lacavera told Reuters.p

pRogers offered to buy Shaw for C40.50 per share last year to create the countrys secondlargest telecom company and take on rivals such as BCE Inc in a highly competitive market. p

pAccording to a report from The Globe and Mail from March, Globalive had offered to buy Freedom Mobile for C3.75 billion 2.94 billion in cash.p

pRogers reportedly had also asked Montrealbased telecommunications and media company Quebecor to bid for Shaws wireless business.p

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pp Reporting by Tiyashi Datta in Bengaluru Editing by Krishna Chandra Elurip

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