TweakTown
Tech content trusted by users in North America and around the world
6,214 Reviews & Articles | 40,231 News Posts

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 SOURCES: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!

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases