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Rogers Secures Option to Buy Additional Radio Spectrum in 2014
Published on:
Canada's Rogers Communications has secured an option to buy additional radio spectrum in late 2014 from Shaw Communications. Rogers has also an option to buy Shaw's cable system in Hamilton, Ontario, branded as Mountain.
Shaw's AWS spectrum holdings cover 188 million MHz POPs including 20 MHz across B.C., Alberta and Manitoba and 10 MHz in select B.C., Alberta, Saskatchewan and Northern Ontario markets.
In exchange, Shaw will acquire Rogers' one-third interest in TVtropolis and will enter into negotiations with Rogers for the provision of certain services in Western Canada.
Rogers net cash investment is expected to total approximately C$700 million once all aspects of the transactions are completed.
Nadir Mohamed, President and CEO said that the deal bolsters its long term spectrum assets, particularly in Western Canada and improves its cable TV reach.
Tags: [rogers communications] [shaw communications] [Canada]
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