Shaw Communications Inc. V.SJR.A

Primary Symbol: SJRWF

Communication Services Telecom Services

Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw is also now a national wireless service provider after acquiring Wind Mobile in 2016. Shaw has upgraded its wireless network, undertaken an aggressive pricing strategy, and significantly enhanced its spectrum holdings. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.

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Shaw Communications Inc.

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Post by OldBayTradeon Sep 13, 2022 11:19am

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connectivity company

On June 24, the company announced that it would be seeking mediation with authorities in Canada for a planned merger with Roger worth C$26 billion. The merger has come with concerns around the wireless business of Shaw. Canadian authorities have asked for more time to investigate before agreeing to the deal.

Shaw Communications Inc. (NYSE:SJR) has proposed selling the wireless business of the firm to Quebecor to resolve some of the antitrust concerns. The sale of the wireless business is worth C$2.85 billion.

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