Deals
Shaw Joins Canadian Wireless Fray With $1.2 Billion Wind Deal
- Cable company is major entrant in Canadian wireless industry
- Wind battled for market dominated by Rogers, Telus and BCE
Wind Mobile: Telecom Deal Makes Good Sense for Canadians
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Shaw Communications Inc., one of Canada’s largest cable TV providers, agreed to buy Wind Mobile Corp. for C$1.6 billion ($1.2 billion) including debt, jumping into a wireless industry dominated by a handful of major players.
Shaw, which operates primarily in western Canada, gains Wind’s wireless spectrum, 940,000 customers and a patchwork of wireless towers in urban centers in British Columbia, Alberta and Ontario, according to a statement Wednesday. The deal provides “the most efficient operating and financial entry point into the Canadian wireless landscape,” Shaw said.