By Divya Rajagopal3 Min ReadTORONTO (Reuters) – Rogers Communications Inc, Shaw Communications Inc and Canada’s competitors bureau have agreed to begin a mediation course of to beat the company’s antitrust points posed by Rogers’ C$20 billion ($15.5 billion) acquisition of Shaw, the competitors tribunal stated on Friday.Slideshow ( 2 pictures )The transfer follows weeks of backwards and forwards between the events after the antitrust company blocked Rogers’ bid, saying the deal will cut back competitors in Canada’s concentrated telecoms business and push up wi-fi payments.While Rogers supplied a concession final week by agreeing to promote Shaw’s Freedom Mobile to Quebecor Inc for C$2.85 billion, the competitors bureau stated the treatment measures should uphold competitors within the wake of the merger.The mediation might pave the best way for a settlement, and keep away from a protracted authorized battle within the Competition Tribunal, which decides the destiny of contested offers.“It is a sign to us that competition commissioner is not ideologically opposed to the transaction so there is a path towards conditional approval,” stated Aaron Glick, a director with New York-based Cowen LLC.The Competition Tribunal informed Reuters in a press release that “the parties have advised the tribunal that they wish to participate in the mediation set for July 4th and 5th,” including that each one data associated to any mediation could be confidential.Rogers’ proposed acquisition of Shaw comes as excessive cellular costs stay a hot-button concern in Canada, with prospects paying the very best wi-fi payments on the planet. The high three corporations – Rogers, BCE Inc and Telus Corp – account for nearly 90% of the business’s income.With the events agreeing to the mediation course of, the destiny of the deal, which was launched in March 2021, may very well be a step nearer.Reuters reported on Thursday the bureau was anticipated to hunt a divesture of Shaw’s mobile enterprise generally known as Shaw Mobile to beat antitrust considerations. In a submitting final week, the bureau stated that amongst different components Shaw Mobile was a lead driver of development for Shaw and it could have expanded if not for the buyout by Rogers.The events will argue their case earlier than a tribunal decide throughout the mediation course of, who would supply potential options to resolve the dispute. If the events comply with the options proposed by the decide then they might signal a consent settlement that will pave approach for clearing the deal, a lawyer aware of the method informed Reuters.If they fail to agree, nevertheless, the matter will go to a trial which is predicted to begin in November. An final result could be anticipated by year-end.Shaw shares closed 1.5% larger at C$38.25 in Toronto on Friday. Rogers shares gained 1.4% to shut at C$62.43.($1 = 1.2921 Canadian {dollars})Reporting by Divya Rajagopal in Toronto; Writing by Ismail Shakil; Editing by Leslie Adler and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.