Shaw completes the acquisition of Mountain Cablevision

Shaw Communications has closed the acquisition of Mountain Cablevision from the Boris Family who have 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 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).

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

Related terms: bandwidth, business, communications, family, satellite, telecommunications, television