Tell us what you think about the new Article Page. Send us feedback
Shaw Closes Mountain Cablevision Transaction
Related Quotes
| Symbol | Price | Change |
|---|---|---|
| SJR | 20.54 | +0.50 |
CALGARY, ALBERTA--(Marketwire - 10/30/09) - Shaw Communications Inc. (TSX:SJR.B - News) (NYSE:SJR - News) ("Shaw") announced today that it has closed the acquisition of Mountain Cablevision Limited ("Mountain Cablevision") from the Boris Family who has owned Mountain Cablevision for the past 50 years. The transaction was subject to approval of the CRTC which was granted on October 22, 2009. The purchase price was approximately $300 million, $120 million of which was paid through the issuance of 6,141,250 Class B Non-Voting Participating Shares of Shaw, with the balance paid in cash.
Shaw Communications Inc. is a diversified communications company whose core business is providing broadband cable television, High-Speed Internet, Digital Phone, telecommunications services (through Shaw Business Solutions) and satellite direct-to-home services (through Shaw Direct). The Company serves over 3.4 million customers, including over 1.7 million Internet and 850,000 Digital Phone customers, through a reliable and extensive network, which comprises 625,000 kilometres of fibre. Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (TSX:SJR.B - News) (NYSE:SJR - News).
Contact:
Contacts:
Shaw Communications Inc.
Investor Relations
Investor.relations@sjrb.ca
www.shaw.ca
Related Headlines
- Shaw Agrees to Purchase 1,500,000 Class B Non-Voting Shares - Marketwire
- Shaw Kicks Off the New Year With Hockey Finals - CCNMatthews
- SHAW COMMUNICATIONS INC Financials - EDGAR Online Financials
- Warm Up Your Holidays With Shaw's Fire Log Channel - Marketwire
- Annual Report for Shaw Communications Inc. - WILink
Related Blog Headlines
- What's your Stock's Price Target? - Zacks.com
- 10 Canadian High Yielding Dividend Growth Stocks - at Seeking Alpha
- Rogers vs. Shaw: Canadian Cable Rivalry Heating Back Up - at Seeking Alpha
- Shaw Communications Remains Challenged - Zacks.com
Top Stories
Tech Ticker Recent Posts
Add Alert Copyright © 2009 CCNMatthews. CCNMatthews All rights reserved. All news releases provided by CCNMatthews are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.