Shaw Expands With Fundy Buy
Shaw Communications Inc., Canada's No. 2 cable company, on Thursday agreed to pay CAN$460 million ($311 million) for New Brunswick cabler Fundy Communications Inc., inheriting 192,000 subscribers and now controlling 97% of the province's cable market.
The transaction
comes on the heels of Calgary, Alberta-based Shaw's deal to purchase 72,500 subscribers in neighboring Nova Scotia for around CAN$167 million ($112.5 million) (HR 3/26).
The Fundy and Nova Scotia deals, both subject to regulatory approval, will create a cluster for Shaw in New Brunswick and Nova Scotia of about 275,000 customers.
The purchase price for the Fundy cable customers includes about CAN$150 million ($101 million) in Class B shares of Shaw.
The transaction
The Fundy and Nova Scotia deals, both subject to regulatory approval, will create a cluster for Shaw in New Brunswick and Nova Scotia of about 275,000 customers.
The purchase price for the Fundy cable customers includes about CAN$150 million ($101 million) in Class B shares of Shaw.
In addition, make sure to read these articles:
- SHAW Communications Inc. to Acquire FundyCommunications.
- SHAW Announces Fourth Quarter Results For1999.
- Shaw Receives CRTC Approval for Atlantic Canada CableAcquisitions.
- Fundy Cable Ltd./Ltee Receives Requisite ConsentsPursuant to Consent Solicitation.
- Coppers to cents
- ICT expands Canadian operations
- ICT Expands Canadian Operations.
- Business Week 18 Cbs, Infinity Soar
- Leroux Steel Acquires Steel Distributor in Nova Scotia.
- $1 Billion Plan To Link Sable Island Gas With Existing Pipeline InfraStructure
- Krispy Kreme Doughnut Corp.
- SHAW COMMUNICATIONS TO SELL NOVA SCOTIA CABLE TELEVISION SYSTEMS.
- Nova Scotia Power Releases 1997 FinancialResults.
- AOL Canada Selects ICT GROUP to Provide CustomerSupport Services; Call Center in Riverview,...
CALGARY, Alberta--(BUSINESS WIRE)--April 29, 1999-- SHAW(TSE:SJR.B.) (Alberta Stock Exchange:SJR.B.) (Alberta Stock Exchange:SJR.A.) (NYSE:SJR) SHAW Communications Inc. announced today that it has agreed, subject to receipt ......
CALGARY, ALBERTA--(BUSINESS WIRE)--Oct. 27, 1999-- Shaw Communications Inc. (TSE:SJR.B.) (Alberta Stock Exchange:SJR.B.) (Alberta Stock Exchange:SJR.A.) (NYSE:SJR) today announced its consolidated results for the fourth quarter ......
CALGARY, Alberta--(BUSINESS WIRE)--Sept. 24, 1999-- Shaw Communications Inc. (Alberta Stock Exchange:SJR.A.) (Alberta Stock Exchange:SJR.B.) (TSE:SJR.B.) (NYSE:SJR) announced today that it had received CRTC approval for ......
NEW YORK--(BUSINESS WIRE)--July 13, 1999-- Fundy Cable Ltd./Ltee announced today that the consent solicitation relating to its 11% Senior Secured Second Priority Notes due 2005 ......
After Confederation, the government put in place various measures designed to regulate currency in the new Dominion of Canada. These related to the banks, as ......
ICT Group, Inc., a provider of customer relationship management solutions, has expanded its Canadian CRM sales and service operations with the addition of a new, ......
ICT Group, Inc., a provider of customer relationship management solutions, has expanded its Canadian CRM sales and service operations with the addition of a new, ......
Gains in its radio and billboard operations helped CBS Corp. to report a 32% jump in net income to $25 million, or 4 cents a ......
BOUCHERVILLE, QUEBEC--(BUSINESS WIRE)--Oct. 21, 1996--(ME, TSE LER.A. LER.B. LER.DB. ) The management of LEROUX STEEL INC. is pleased to announce the signing of an agreement ......
Trans Quebec & Maritimes (TQM), which is co-owned by TransCanada PipeLines Limited and Gaz Metropolitain and Company, L.P., has filed a preliminary submission with the ......
WINSTON-SALEM -- Krispy Kreme Doughnut Corp. is expanding in Canada, with plans to open 32 outlets in Ontario, Quebec, New Brunswick, Newfoundland, Nova Scotia and ......
EDMONTON, ALBERTA--(BUSINESS WIRE)--March 2, 1995--SHAW COMMUNICATIONS(Alberta Stock Exchange: SCL.B Alberta Stock Exchange: SCL.A ) Shaw Communications Inc. announced today that it has agreed in principle, ......
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Feb. 13, 1998--NOVA SCOTIA POWER(ME:NSI.) (TSE:NSI.) Nova Scotia Power today released its financial results for the year ended December 31, 1997. Net ......
LANGHORNE, Pa., and TORONTO--(BUSINESS WIRE)--July 21, 1999-- AOL Canada, operated by America Online Inc. (NYSE:AOL), today announced that it has selected ICT GROUP, INC. (NASDAQ:ICTG), ......
Email
Digg It
del.icio.us
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
© Copyright 1999 Nielsen Business Media, Inc. All rights reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.
AllBusiness.com, its parent company D&B, and its affiliates.
