Shaw Communications CorporateUpdate.
Business Editors
CALGARY, Alberta--(BUSINESS WIRE)--April 28, 2000
Shaw Communications Inc. (TSE:SJR.B.) (CDNX:SJR.A) (NYSE:SJR) announced today that it has agreed, subject to receipt of required regulatory approvals, to acquire Reliance Distributors which operates the cable
In commenting on the transaction, Jim Shaw, President and Chief Executive Officer of Shaw, said, "We are very pleased to acquire the Squamish, B.C. system which will complement our existing operations in British Columbia and provide synergistic opportunities with the recently announced acquisition (subject to regulatory approvals) of the Vancouver and area cable systems form Rogers."
Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing broadband cable television and Internet services to approximately 1.8 million customers. Shaw also has significant interests in direct-to-home satellite and in Internet, interactive television, e-commerce and telecommunications companies. Shaw is traded on the Toronto and New York Stock Exchanges (Symbol:TSE - SJR.B, NYSE - SJR).
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