Feds Attempt Telecom Block

A proposed $26 billion buyout involving two of the nation’s four largest telecom corporations yesterday was delayed at least a year and possibly blocked altogether. Federal anti-trust lawyers sought an injunction against the takeover of Shaw Communications of Calgary by Rogers Communications Inc. as in-house Privy Council research showed consumers opposed the deal: “Canadians pay some of the highest prices for wireless services in the developed world.”

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