Shaw (SJR) is selling its Mountain Cablevision unit, which provides cable TV services in the...

|About: Shaw Communications Inc. (SJR)|By:, SA News Editor

Shaw (SJR) is selling its Mountain Cablevision unit, which provides cable TV services in the Hamilton, Ontario area, as well as the option to acquire wireless spectrum licenses for several Canadian provinces, to Rogers (RCI) for $700M in cash. Separately, Shaw is paying Rogers $59M to acquire its 33.3% stake in the companies' jointly-owned TVtropolis channel.