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Shaw Summits Mountain Deal

$300M Acquisition Closes After Canadian Regulator Gives OK

by MCN Staff -- Multichannel News, 11/4/2009 7:37:13 AM

Shaw Communications closed its $300 million purchase of Mountain Cablevision from the Boris Family.

The company said the Canadian regulator, the CRTC, approved of the transaction on Oct. 22. Shaw paid $120 million in stock and the rest in cash, terms that had not previously been disclosed.

Shaw has 3.4 million subscribers; Mountain has 41,000 video subscribers, 28,000 Internet customers and 27,000 telephone subscribers. 

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