Rogers faces fines of as much as $1 billion if it breaks the conditions of the deal, Champagne said. Shares of Shaw increased 3.3% Friday morning to C$40.44 in Toronto, close to the takeover price of C$40.50 per share. The deal is expected to close by April 7, and the combined company will offer wireless, home internet and cable television to more than 10 million Canadians across the country, bringing in annual revenue near C$20 billion (US$14.8 billion). The move is a long time coming. Rogers agreed to buy Shaw for $20 billion in March 2021 but received pushback over market share concerns. The companies planned to merge in mid-2022, but Canada's antitrust watchdog sued to block the takeover. That ultimately led to Rogers and Shaw making a deal with Quebecor (TSX:QBR.B), a major provider of cable and wireless services in the province of Quebec.