Rogers Closes Transformative Merger with Shaw Brings together two iconic, entrepreneurial Canadian companiesCreates one national cable, media, and wireless company Unlocks billions in investment to bring significant benefit to Canada and Canadians TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. announced today it has completed its historic merger with Shaw Communications Inc. “This is a momentous day for our customers, who will benefit from the latest services and network technology, and for our teams, who have worked so hard to get us here,” said Tony Staffieri,...
Quebecor closes acquisition of Freedom Mobile A fourth major wireless carrier is launched in Canada MONTRÉAL and CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) -- Quebecor Inc. (“Quebecor”) and Shaw Communications Inc. (“Shaw”) announced today that the acquisition of Freedom Mobile Inc. (“Freedom”) by Videotron Ltd. (“Videotron”), a wholly-owned subsidiary of Quebecor, has been completed, creating the fourth strong, competitive wireless service provider that Canadian consumers and governmental and regulatory authorities have been waiting for (the “Freedom Transaction”). With a combi...
Rogers and Shaw to Proceed With Transformative Merger Outside date of closing the transactions extended to April 7, 2023 TORONTO and CALGARY, Alberta, March 31, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. and Shaw Communications Inc. announced today their historic merger is expected to close prior to the outside date of April 7, 2023 after receiving final regulatory approval. “We are very pleased to move forward with this transformative merger and proudly deliver on our commitments to enhance and expand network coverage, connect underserved communities, and improve access for ...
Rogers, Shaw and Quebecor to Close Pro-Competitive Transactions Companies Welcome Approval by Minister of Innovation, Science and Industry for the Transfer of Shaw’s Spectrum Licenses to Videotron Extend outside date of closing the transactions to April 7, 2023 TORONTO and CALGARY and MONTREAL, March 31, 2023 (GLOBE NEWSWIRE) -- After receiving federal government approval, Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. announced today that they plan to close the pro-competitive transactions expeditiously. The three companies, along with the Shaw Family Living ...
Shaw Declares March Monthly Dividend, Suspends DRIP and Extends Date for Annual General Meeting CALGARY, Alberta, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that it has declared a monthly dividend, suspended its dividend reinvestment plan (“DRIP”) and obtained an extension for the date by which it must hold its annual general meeting. Dividend Declaration Shaw’s Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on March 30, 2023 to holder...
Rogers, Shaw and Quebecor Extend Outside Date of Proposed Transactions to March 31, 2023 Companies continue to work with ISED for approval of spectrum license transfer from Shaw to Videotron TORONTO and CALGARY, Alberta and MONTREAL, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to March 31, 2023. All parti...
Shaw Declares Monthly Dividends CALGARY, Alberta, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on February 27, 2023 to holders of record at the close of business on February 15, 2023. The foregoing dividends are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. Shareholders will not be entitled to receive a...
Rogers, Shaw and Quebecor Extend Outside Date of Proposed Transactions to February 17, 2023 Companies remain committed to pro-competitive transactions, continue to work with ISED for approval of spectrum license transfer from Shaw to Videotron TORONTO and CALGARY, Alberta and MONTREAL, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned ...
Shaw, Rogers and Quebecor Welcome the Decision by the Federal Court of Appeal Companies are working to secure final approval of transactions CALGARY, Alberta and TORONTO and MONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. today provided the following statement on the decision by the Federal Court of Appeal. “We welcome this clear, unequivocal, and unanimous decision by the Federal Court of Appeal. We continue to work with Innovation, Science and Economic Development Canada to secure the final approval needed to close t...
Upgrading Communications, Downgrading Staples In our January 10th Compass, we discussed that a break above 3910 on the S&P 500 would signal a tradable rally, with 4100-4165 our target, which is the top-end of our expected 2023 trading range. We believe equities are still in the midst of a rally/short squeeze, but that the rally is likely to fizzle in the 4100-4165 area. Upgrading Communications to Market Weight. We have been underweight Communications (XLC, EWCO) since November of 2021, a peri...
Shaw Announces First Quarter Fiscal 2023 Results CALGARY, Alberta, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw” or the “Company”) announces consolidated financial and operating results for the quarter ended November 30, 2022. First quarter consolidated revenue decreased 1.2% year-over-year to $1.37 billion, adjusted EBITDA1 decreased 2.5% year-over-year to $617 million, and net income decreased 14.3% to $168 million. Selected Financial Highlights Three months ended November 30,(millions of Canadian dollars except per share amounts)2022 2021 Change %Revenue1,370 1,3...
Shaw Communications Statement on Decision by Competition Tribunal CALGARY, Alberta, Jan. 02, 2023 (GLOBE NEWSWIRE) -- Shaw Communications today issued the following statement in reaction to the decision of the Competition Tribunal released on the evening of January 1, 2023. The decision is available at . The Competition Tribunal’s ruling is comprehensive, thoughtful, well-reasoned and clear in its finding that the proposed Shaw-Videotron-Rogers transactions are “not likely to prevent or lessen competition substantially.” In fact, in its 88-page decision the Tribunal considered carefully...
Shaw Declares Monthly Dividends CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on January 30, 2023 to holders of record at the close of business on January 13, 2023. The foregoing dividends are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. Shareholders will not be entitled to receive a p...
Rogers and Shaw Issue Statement on Commissioner of Competition’s Application for an Injunction and Appeal of the Tribunal Decision Companies Remain Committed to Pro-Competitive Transactions TORONTO and CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("Rogers") and Shaw Communications Inc. (“Shaw”) today provided the following statement upon being advised that the Commissioner of Competition is appealing the Competition Tribunal decision permitting Rogers’ proposed merger with Shaw and Quebecor’s acquisition of Freedom Mobile and applying for an injunction ...
Rogers, Shaw Welcome Competition Tribunal Decision Companies to seek final approval from Minister of Innovation, Science and Industry TORONTO and CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("Rogers") and Shaw Communications Inc. (“Shaw”) welcome the decision summary by the Competition Tribunal allowing the proposed acquisition of Freedom Mobile by Videotron Ltd. (“Videotron”), a wholly-owned subsidiary of Quebecor, and the subsequent combination of Rogers and Shaw (the “Rogers-Shaw Transaction”) to proceed. The Summary of the Tribunal’s decision can b...
Shaw Charity Classic Presented by Suncor Celebrates 10th Anniversary by Generating $17,489,219 for Alberta Kids Charities Canada’s lone PGA TOUR Champions event has raised more than $93 million since 2013 and is now the largest charitable contributor on the PGA TOUR Champions Tour CALGARY, Alberta, Dec. 06, 2022 (GLOBE NEWSWIRE) -- The Shaw Charity Classic presented by Suncor has shattered charitable giving records once again by raising an unprecedented $17,489,219 for 260 children’s charities across Alberta through the 2022 Shaw Birdies for Kids presented by AltaLink program. This re...
Shaw Announces Fourth Quarter and Full Year Fiscal 2022 Results CALGARY, Alberta, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw” or the “Company”) announces consolidated financial and operating results for the quarter ended August 31, 2022. Selected Financial Highlights Three months ended August 31,Year ended August 31,(millions of Canadian dollars except per share amounts)2022 2021 Change %2022 2021 Change %Revenue1,356 1,377 (1.5)5,448 5,509 (1.1)Adjusted EBITDA(1)624 614 1.6 2,534 2,500 1.4 Adjusted EBITDA margin(2)46.0%44.6%3.1 46.5%45.4%2.4 Funds flow from op...
Shaw Communications Inc. Fourth Quarter and Full Year Fiscal 2022 Results CALGARY, Alberta, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) will be releasing its fiscal 2022 consolidated results for the fourth quarter and full year (ending August 31, 2022) on Tuesday, November 29, 2022, before North American financial markets open. Management will not hold a conference call following the release of results. If you have any questions regarding the first quarter results, please send them to . Note:If you wish to be added to our distribution lists for conference c...
Disney+ is Now Only a Voice Command Away on Shaw TV and Shaw Stream For a limited time, select Fibre+ Internet plans that are bundled with Shaw TV or Shaw Stream can experience all the best content Disney+ has to offer at no extra charge, for up to 24 months CALGARY, Alberta, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. today announced the launch of Disney+ on Shaw TV and Shaw Stream, giving Fibre+ Internet customers the ability to watch classic and original shows and movies available from Disney’s six premium brands – including Disney, Pixar, Marvel, Star Wars™, National ...
Quebecor, Rogers, Shaw Provide Statement Regarding Mediation With the Commissioner of Competition MONTREAL and TORONTO and CALGARY, Alberta, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Earlier today, Quebecor Inc., Rogers Communications Inc. and Shaw Communications Inc. attended a mediation session as part of the Competition Tribunal process. "The mediation did not yield a negotiated settlement. We are disappointed with this outcome and believe that litigation is both unnecessary and harmful to competition. The Bureau's unwillingness to meaningfully engage unduly delays lower wireless prices for ...
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