Apr. 8, 2013, 5:54 PMShaw (SJR) is acquiring Enmax Envision, Canadian utility Enmax's telecom subsidiary, for $225M. Envision user a fiber network to provider broadband services to business customers in the Calgary area. Shaw will fund the deal using on-hand cash and an existing credit facility. The deal comes 3 months after Shaw sold an Ontario cable unit to Rogers. (PR) | Comment!
Jan. 14, 2013, 5:24 PMShaw (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. | Comment!
SJR vs. ETF Alternatives
Shaw Communications Inc is a diversified communications & media company, providing consumers with broadband cable television, High-Speed Internet, Home Phone, telecommunications services, satellite direct-to-home services & engaging programming content.
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