Shaw closes acquisition of wireless Spectrum licences from Quebecor Media

Shaw Communications Inc. has confirmed the closing of the acquisition of 700 MHz and 2500 MHz wireless spectrum licences from Quebecor Media Inc. for USD 430 million, the company said.

The spectrum licences acquired are comprised of the 10 MHz licences of 700 MHz spectrum in each of British Columbia, Alberta, and Southern Ontario, as well as the 20 MHz licences of 2500 MHz spectrum in each of Vancouver, Edmonton, Calgary, and Toronto.

The transaction was funded using a combination of cash on hand and Shaw´s existing credit facility.

Shaw Communications is an enhanced connectivity provider.