Shares of Rogers Communications Inc slipped on Monday as analysts voiced concerns over increased risk to the Canadian telecom operator’s C$20 billion deal for rival Shaw Communications following last week’s 19-hour outage.
The unprecedented outage on Friday affected nearly every facet of daily life in Canada as access to internet and phone services, both mobile and landline, was cut off. Some callers could not reach emergency services via 911 calls, police across Canada said.
Rogers’ Canadian-listed shares fell nearly 4.61% and Shaw dropped 1.8% at a near one-month low of C$35.56, while the benchmark Canadian share index was down 1.1% by afternoon.Article content Friday’s disruption came two days after Rogers held talks with Canada’s antitrust authority to discuss possible remedies to its blocked takeover of Shaw.
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