14°c Overcast
11°c Cloudy with clear breaks
Winnipeg Free Press - PRINT EDITION
Shaw, Rogers sign deals worth $700M
TORONTO -- Rogers Communications Inc. has signed agreements worth about $700 million to buy unused wireless spectrum from Shaw Communications Inc., as well as Shaw's Ontario-based Mountain Cablevision Ltd.
Rogers Communications said the agreement with Shaw is to secure an option to purchase the Calgary company's AWS spectrum holdings in 2014 and to acquire Shaw's cable system in Hamilton, Ont.
Shaw, in turn, will acquire Rogers' one-third interest in TVtropolis and will enter into negotiations with Rogers for the provision of certain services in Western Canada.
Rogers said its net cash investment is expected to total about $700 million once the transactions are completed.
Rogers CEO Nadir Mohamed said the wireless spectrum, radio waves over which wireless networks operate, is mainly based in Western Canada and will meet data-usage demands by its customers.
The purchase of Shaw's wireless spectrum will need approval by Industry Canada and the Federal Competition Bureau.
Rogers is Canada's largest wireless provider with more than nine million customers and Shaw's Mountain Cablevision also will add to Rogers' cable TV holdings.
-- The Canadian Press
Republished from the Winnipeg Free Press print edition January 15, 2013 B5
More Business
- Back to Top
- Return to Business
More Business
(1 of 15 articles for today)
Automaker Tesla takes fight to North Carolina, mulls what could be tough national battle
11:34 AM 0RALEIGH, N.C. - Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling ...
Poll
Most Popular Business
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Changes to CPP rules worth looking into
- New owner for lumber stores
- Value Partners cracks $1-B mark in assets
- Balancing today with tomorrow
- Even a nine-year-old grills McDonald's CEO over menu
- Creative industries can fuel a city's economic engine
- Differing dollars
- Manitoba housing affordability deteriorates
- Six wrong guesses get no respect
- New owner for lumber stores
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- New downtown tower could be 42 storeys tall: developers
- Creative industries can fuel a city's economic engine
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Value Partners cracks $1-B mark in assets
- Skyline-altering project will happen: developer
- Housing slowdown to worsen, cost 150,000 jobs, says mortgage group
- Changes to CPP rules worth looking into
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- New owner for lumber stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Value Partners cracks $1-B mark in assets
- Changes to CPP rules worth looking into
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Manitoba farm land values increased by an average of 4.3 per cent in 2011
- She's got entrepreneurial spirit
- Thorough record-keeping key to power of attorney
- Career change seeds
- Will, power of attorney are different documents
- Genivar says ethical lapses have hurt employee morale; unveils growth plan
- Trust me
- New owner for lumber stores
- Value Partners cracks $1-B mark in assets
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Changes to CPP rules worth looking into
- Bridging the gap
- Developers to unveil plans for bold downtown tower
- Ex-'Pegger seeks to grow local businesses
- Skyline-altering project will happen: developer
- There are lots of I's in 'team'
- More than a new boss
- New owner for lumber stores
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Value Partners cracks $1-B mark in assets
- Older and jobless? Resource on hand
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.