NEWS RELEASE
Shaw Closes WIND Acquisition
Calgary, Alberta (March 1, 2016) Shaw Communications Inc. (Shaw) today confirms that it
has closed its previously announced acquisition of Mid-Bowline Group Corp. (Mid-Bowline) and its
wholly-owned subsidiary, WIND Mobile Corp., for an enterprise value of approximately $1.6 billion.
Chief Executive Officer, Brad Shaw said, We know Canadians want options when it comes to their
wireless provider and, in time, customers can expect to see integrated offerings that provide them
with the best value for their dollar in quality of coverage and connectivity. We are excited about
our growth prospects in mobile and welcome the WIND team of 1200 employees. With the
transformative power of this transaction, Shaw will become a leading pure-play connectivity
provider.
WIND is Canadas largest non-incumbent wireless services provider, serving approximately 940,000
subscribers across Ontario, British Columbia and Alberta with 50MHz of spectrum in each of these
regions. Shaw will continue to invest in the wireless network and service offering, including the
upgrade of its network to 4G LTE.
With Shaws long-term commitment, customer focus and breadth of product offering, we are better
positioned to deliver better value and capability to WIND customers, said Alek Krstajic, Executive
Vice President & President, WIND. The strength of Shaw as a company and as a brand will provide
Canadians with more choice and opportunities to stay connected.
About Shaw
Shaw is a leading pure-play connectivity provider focused on delivering superior consumer and
business broadband communications over its wireline, WiFi and wireless infrastructure. Shaw serves
consumers with broadband Internet, WiFi, video and digital phone. Shaw Business Network Services
provides business customers with Internet, data, WiFi, telephony, video and fleet tracking
services. WIND provides wireless services in Ontario, British Columbia and Alberta. Shaw Business
Infrastructure Services provides enterprises colocation, cloud and managed services through
ViaWest. Shaw Media provides Canadians with engaging programming content through one of Canadas
largest conventional television networks and 19 specialty networks. Shaw is traded on the Toronto
and New York stock exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX SJR.B, NYSE -
SJR). For more information, please visit www.shaw.ca.
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Investor Inquires |
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Media Inquires |
Shaw Communications Inc.
Investor Relations
Investor.relations@sjrb.ca
www.shaw.ca
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Shaw Communications Inc.
Chethan Lakshman, VP External Affairs
chethan.lakshman@sjrb.ca
(403) 930-8448 |
Caution Regarding Forward-Looking Statements
Statements in this news release relating to operational and growth plans constitute
forward-looking statements within the meaning of applicable securities laws. These statements are
based on assumptions made by Shaw that it believes are appropriate in the circumstances, including
without limit, that: expected business and financial results for Shaw will be realized; the pricing
environment for WIND is stable relative to current rates; there is no significant market disruption
or other significant changes in economic conditions, competition or regulation; the upgrade to 4G
LTE, other growth plans and the converged network solution can be executed in a timely and cost
effective manner to yield the results expected for Shaw; and WIND will provide expected benefits to
the Shaw and the service offering for its customers. There is the risk that one or more of these
assumptions will not prove to be accurate and this may affect the business, operational and
financial results for Shaw. Undue reliance should not be placed on any forward-looking statement.
Except as required by law, Shaw disclaims any obligation to update any forward-looking statement.
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