Canada Moves to Block $16 Billion Telecoms Merger in World's Priciest Market

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Spring may finally be here, and the snow has melted away, but regulators in Canada want to put a blockbuster merger on dry ice.

On Saturday, Rogers Communications and Shaw Communications, two of Canada's major telecommunications companies, announced the country's Competition Bureau will sue to block their proposed $16 billion merger. If you have ever been a cellphone customer in Canada, you know why.

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Source Fool.com