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BRIEF-Shaw announces acquisition of 700 MHz, 2500 MHz wireless spectrum licenses

June 13 Shaw Communications Inc:

* Shaw Communications Inc announces acquisition of 700 MHz and 2500 MHz wireless spectrum licences from Quebecor Media Inc

* Shaw Communications Inc - deal for ‍$430 million​

* Shaw Communications Inc - ‍transaction will be funded using a combination of cash on hand and Shaw's existing credit facility​

* Shaw Communications Inc - spectrum licences being acquired comprise 10 MHz licences of 700 MHz spectrum in each of British Columbia, Alberta, and Southern Ontario

* Shaw Communications - licences being acquired also include 20 MHz licences of 2500 MHz spectrum in each of Vancouver, Edmonton, Calgary, and Toronto

* Shaw Communications Inc - ‍transaction has received all required internal approvals at Shaw and Quebecor​

* Shaw Communications Inc - ‍transaction is not subject to approval by shareholders of Shaw or further approval by shareholders of Quebecor​ Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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