Industry Minister François-Philippe Champagne has approved Rogers Communications Inc.’s $26-billion buyout of Shaw Communications Inc. with a number of conditions.

Champagne’s approval of the buyout on March 31 ends over two years of the Rogers-Shaw deal moving through various regulatory hurdles after it was initially announced over two years ago.

Champagne told reporters in Ottawa that he has approved the transfer of Shaw’s Freedom Mobile wireless licences to Quebecor Inc., a Montreal-based telecommunications company, which clears the way for the Rogers-Shaw deal to be completed.

More to come.

The Canadian Press contributed to this report.