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Quebecor to buy Freedom Mobile for $2.85b

News | 06/18/2022 9:35 am EDT
Pierre Karl Péladeau, President and CEO of Quebecor, speaks with reporters outside the Wellington building before appearing as a witness before the Standing Committee on Canadian Heritage on May 31, 2022./ photo by Andrew Meade

In a development that may pave the way for the merger of Rogers Communications Inc. and Shaw Communications Inc., the two companies and Quebecor Inc. announced a deal late Friday night that would see the Quebec-based competitor purchase Shaw’s wireless brand Freedom Mobile for $2.85 billion. 

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