Rogers-Shaw Deal: Quebecor CEO Agrees to Industry Minister’s Conditions Around Sale of Freedom Mobile

Rogers-Shaw Deal: Quebecor CEO Agrees to Industry Minister’s Conditions Around Sale of Freedom Mobile
Quebecor headquarters in Montreal. The Canadian Press/Graham Hughes
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Quebecor Inc. CEO Pierre Karl Péladeau says he intends to accept the conditions laid out by Industry Minister François-Philippe Champagne around the sale of wireless carrier Freedom Mobile to Videotron Ltd., which is part of the proposed $26-billion deal between Rogers Communications Inc. and Shaw Communications Inc.

Péladeau said in a statement Tuesday evening that Quebecor, which owns Videotron, agrees to incorporate the industry minister’s stipulations in a new version of the transaction, paving the way for Freedom’s sale to go through.