TweakTown
Tech content trusted by users in North America and around the world
5,677 Reviews & Articles | 36,080 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Rogers set to buy Mountain Cable, would license wireless spectrum from Shaw for $710 million

Rogers prepares to spend $710 million to buy Mountain Cablevision Limited, would license wireless sp

| Business, Financial & Legal News | Posted: Jan 15, 2013 8:30 am

Reuters is reporting that Canadian telco Rogers is preparing to buy Mountain Cablevision Limited and license wireless spectrum from cable company Shaw Communications. The deal would be worth $710 million.

 

TweakTown image news/2/7/27858_06_rogers_set_to_buy_mountain_cable_would_license_wireless_spectrum_from_shaw_for_710_million.jpg

 

This could pave the way for Rogers to buy spectrum licenses from Shaw in Alberta, British Columbia, Manitoba, Northern Ontario and Saskatchewan. TVtropolis, which is a cable channel jointly owned between Shaw and Rogers would see the remaining Shaw-owned stake purchased by Rogers for around 59 million Canadian dollars.

 

At the moment, there's no word when all of this will be penciled in, but it shouldn't be too far away.

NEWS SOURCE
Engadget.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below