Shaw Communications Applauds Government’s Pro-Competitive Decision for 600 MHz Spectrum Auction
March 28 2018 - 7:45PM
Shaw Communications Inc. (TSX:SJR.B) (TSX:SJR.PR.A)
(TSX:SJR.PR.B) (NYSE:SJR) (TSXV:SJR.A) commends today’s
announcement by Minister of Innovation, Science and Economic
Development Hon. Navdeep Bains to create a bold, forward-looking
spectrum auction framework.
“The 600 MHz policy framework affirms the Government’s
commitment to true competition and the long-term benefits it will
bring to all Canadians,” said Brad Shaw, CEO, Shaw Communications,
which provides wireless services through Freedom Mobile. “Today’s
decision will drive a more dynamic, competitive wireless market in
Canada.”
Shaw continues to invest significantly in an expanding network
so that Canadians will have a real, sustainable choice of
high-quality wireless services at affordable prices. But, as
explained in Shaw’s submissions to the Ministry’s consultation
process, a level playing field on spectrum is required to create a
truly competitive wireless market for Canadians.
The 600 MHz spectrum auction is an important step towards
correcting the significant imbalance in lower frequency spectrum
holdings between the Big Three incumbents—Bell, Rogers and
Telus—and new competitors. Over 90 per cent of available low-band
spectrum in Canada is currently in the hands of the Big Three,
which reflects a concentration of market power that includes over
90 per cent of all Canadian wireless subscribers.
The set-aside adopted in the framework will ensure that new
competitors can secure the critical spectrum they need to build out
their networks and bring real competition to the market. This
competition will benefit all Canadians by driving pricing
discipline and innovation in Canada’s wireless services.
“Supporting strong, sustainable wireless competition will become
even more important as our wireless environment evolves into 5G and
becomes more focused on the Internet of Things,” Mr. Shaw said.
“Canadians deserve better in wireless. Today’s announcement has set
us on the right path forward for the future.”
About ShawShaw Communications Inc. is a leading
Canadian connectivity company. The Wireline division consists of
Consumer and Business services. Consumer serves residential
customers with broadband Internet, Shaw Go WiFi, video and digital
phone. Business provides business customers with Internet, data,
WiFi, digital phone, and video services. The Wireless division
provides wireless voice and data services through an expanding and
improving mobile wireless network infrastructure.
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, SJR.PR.A, SJR.PR.B, NYSE – SJR, and TSXV – SJR.A). For
more information, please visit www.shaw.ca.
For media inquiries, please contact: Shaw
Communications Inc. Chethan Lakshman, VP, External Affairs(403)
930-8448chethan.lakshman@sjrb.ca
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