TSX telecom stocks to buy as Quebecor & Rogers strike deal over Freedom

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TSX telecom stocks to buy as Quebecor & Rogers strike deal over Freedom

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Rogers has agreed to sell Freedom Mobile to Quebecor for an enterprise value of C$ 2.85 billion. This deal was reportedly set to address the concerns of the Canada Competition Bureau, which has been trying to block the Rogers-Shaw merger deal permanently. All three parties announced a divestiture agreement for the sale of Shaw's wireless business to Quebecor on June 17, which is said to foster wireless competition by ensuring the presence of a 'fourth' wireless carrier across the nation. This agreement could be marking Rogers's attempt to secure outstanding regulatory approval to complete Shaw's acquisition. Let us look at the three TSX communication companies involved in this proposed divestiture in this video by Kalkine Media.

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