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M&A Deal Summary

Rogers Communications Acquires Freedom Mobile

On June 17, 2022, Rogers Communications acquired communications company Freedom Mobile from Shaw Communications for 2.9B CAD

Acquisition Highlights
  • This is Rogers Communications’ 5th transaction in the Communications sector.
  • This is Rogers Communications’ largest (disclosed) transaction.
  • This is Rogers Communications’ 16th transaction in Canada.
  • This is Rogers Communications’ 11th transaction in Ontario.
Investment Fate
  • Freedom Mobile was divested to a consortium of strategic buyers in 2023.
  • Freedom Mobile was divested to a consortium of strategic buyers in 2024.

M&A Deal Summary
Date 2022-06-17
Target Freedom Mobile
Sector Communications
Buyer(s) Rogers Communications
Sellers(s) Shaw Communications
Deal Type Divestiture
Deal Value 2.9B CAD

Target

Freedom Mobile

Toronto, Ontario, Canada
Freedom Mobile is a wireless telecommunications provider founded on a simple pledge: Freedom from data overages and freedom from gouging. Freedom Mobile was founded in 2008 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Rogers Communications

Toronto, Ontario, Canada
Category Company
Founded 1960
Sector Communications
Employees24,000
Revenue 20.6B CAD (2024)
DESCRIPTION

Rogers Communications is a diversified canadian communications and media company. It is a provider of wireless voice and data communications services and one of Canada's providers of cable television, high speed Internet and telephony services. Rogers Communications was founded in 1960 and is based in Toronto, Ontario.

DEAL STATS #
Overall 16 of 16
Sector: Communications M&A 5 of 5
Type: Divestiture M&A Deals 4 of 4
State: Ontario M&A 11 of 11
Country: Canada M&A 16 of 16
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Shaw Communications

Calgary, Alberta, Canada

Shaw Communications is a provider of broadband cable television, Internet, digital phone and telecommunications services. Shaw Communications was founded in 1966 and is based in Calgary, Canada.

Buy CA$26.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Freedom Mobile

Toronto, Ontario, Canada

Freedom Mobile is a wireless telecommunications provider founded on a simple pledge: Freedom from data overages and freedom from gouging. Freedom Mobile was founded in 2008 and is based in Toronto, Ontario.

Sell -

Seller(S) 1

SELLER

Shaw Communications

Calgary, Alberta, Canada
Category Company
Founded 1966
Sector Communications
Employees9,500
Revenue 5.4B CAD (2020)
DESCRIPTION

Shaw Communications is a provider of broadband cable television, Internet, digital phone and telecommunications services. Shaw Communications was founded in 1966 and is based in Calgary, Canada.

DEAL STATS #
Overall 5 of 5
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 5 of 5
State: Ontario M&A 3 of 3
Country: Canada M&A 4 of 4
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Shaw Communications - Calgary-1 Data Center

Calgary, Alberta, Canada

Shaw Communications, Inc. - Calgary-1 Data Center is a data center service provider.

Sell -
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