Tags

, , , , , , ,

Globe and Mail – January 14, 2013

Shaw Communications Inc. has driven the final stake in its dream of operating its own cellular phone network.
In a series of deals announced late Monday, Shaw said it was selling Rogers Communications Inc. an option to eventually buy its wireless licences, which mostly cover Western Canada. Shaw is also selling Rogers its Hamilton-based cable operations, Mountain Cablevision Ltd., while picking up Rogers’s minority interest in television channel TVtropolis.
The deals, which are worth about $700-million combined, represent a key step for Shaw in its plan to rid itself of non-core assets as it wages war in the west with Telus Corp. They also mark one of the last steps toward abandoning its once-grand plans to launch a wireless service. In September 2011, the company halted a $1-billion effort to enter the wireless business after deciding it was too costly to compete in an already cutthroat market.
Advertisements