Rogers, Quebecor Jump After Striking ‘Attractive’ Wireless Deal

Shares of Quebecor Inc. and Rogers Communications Inc. jumped the most since 2020 after the companies reached a deal that would see Quebecor acquire wireless assets in Ontario and Western Canada.

Quebecor agreed to pay C$2.85 billion ($2.2 billion) for Shaw Communications Inc.’s Freedom Mobile division, the companies announced on Friday night. It’s a side deal that’s designed to resolve antitrust concerns that are holding up Rogers’ C$20 billion acquisition of Shaw.