Friday’s massive outage casts doubt over C$20b Rogers-Shaw deal
TORONTO|OTTAWA : Shares of Rogers Communications Inc and takeover target Shaw Communications fell yesterday as analysts voiced concerns over increased risk to the C$20 billion (RM68 billion) deal following last week''s 19-hour Rogers outage. Rogers suffered an unprecedented outage on Friday that 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. Yesterday, Canadian payment gateway Interac said it was adding another network provider to its system after the Rogers outage left millions of Canadians locked out of online payments. “We are adding a supplier (besides Rogers) to strengthen our existing network redundancy so Canadians can continue to rely on Interac daily,” Interac said in a statement. Rogers’ Canadian-listed shares fell 4.6% and Shaw dropped 4.3% to C$34.67, while the benchmark Canadian share index ended down 1.2%.
Friday’s massive outage casts doubt over C$20b Rogers-Shaw deal
TORONTO|OTTAWA : Shares of Rogers Communications Inc and takeover target Shaw Communications fell yesterday as analysts voiced concerns over increased risk to the C$20 billion (RM68 billion) deal following last week''s 19-hour Rogers outage. Rogers suffered an unprecedented outage on Friday that 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. Yesterday, Canadian payment gateway Interac said it was adding another network provider to its system after the Rogers outage left millions of Canadians locked out of online payments. “We are adding a supplier (besides Rogers) to strengthen our existing network redundancy so Canadians can continue to rely on Interac daily,” Interac said in a statement. Rogers’ Canadian-listed shares fell 4.6% and Shaw dropped 4.3% to C$34.67, while the benchmark Canadian share index ended down 1.2%.