Showing posts with label Shaw. Show all posts
Showing posts with label Shaw. Show all posts

Tuesday, February 5, 2019

Shaw optimizes fiber backbone with Fujitsu

Shaw Communications has optimized its fiber-optic network with the Fujitsu Network Communications' 1FINITY platform and Virtuora software.

The Fujitsu 1FINITY T310 Transport and 1FINITY L100 Lambda series blades combined with the Virtuora Network Control Solution provided Shaw with a modular, programmable, optical networking solution to enhance network utilization, capacity and performance, and were well suited to help Shaw achieve its connectivity goals. The Virtuora solution offers software-defined network control capability, network planning and design, network management, as well as service fulfillment and assurance functions.

“Everything we do is driven by our customers, and we are committed to enhancing our network with new technologies to meet their growing need for connectivity,” said Damian Poltz, Vice President, Technology, Strategy & Network, Shaw Communications. “Fujitsu has helped make our network more agile and scalable, especially in urban areas — which will allow us to continue delivering a seamless connectivity experience.”

"Combining our technology with Shaw’s infrastructure has allowed us to enable a virtualized, programmable network with automated applications and faster service provisioning,” said Paul Fagan, Senior Vice President of Sales and Marketing at Fujitsu Network Communications, Inc. “Fujitsu’s integrated 1FINITY and Virtuora platforms allows operators to meet their customers’ needs today and well into the future, in a cost-efficient way."

Thursday, June 15, 2017

Shaw purchases 700/2500 MHz spectrum, divests ViaWest

Canada's Shaw Communications announced it has entered into a series of transactions designed to enhance long-term growth opportunities, specifically a share purchase agreement with GI Partners portfolio company Peak 10 to sell its subsidiary ViaWest for approximately C$2.3 billion ($1.675 billion) and an agreement with Quebecor Media to acquire 700 MHz and 2,500 MHz wireless spectrum licences for $430 million.

ViaWest transaction

ViaWest is a provider of hybrid IT solutions including colocation, cloud computing and security and compliance for North American enterprises. Under the agreement, ViaWest is being acquired by Peak 10 for approximately C$2.3 billion. Shaw noted that it originally invested $1.2 billion (approximately C$1.3 billion at the exchange rate at the time) in the operation.

Shaw expects to realise net cash proceeds from the ViaWest transaction of approximately C$900 million after the repayment of ViaWest level indebtedness of approximately $580 million, repayment of the $380 million Shaw credit facility borrowings associated with the original investment and subsequent INetU acquisition, and estimated transaction expenses and taxes.

The ViaWest transaction is subject to customary conditions, including U.S. regulatory approval, and is expected to close in fiscal year 2017, which ends in August. The transaction is not subject to a financing condition.

Spectrum transaction

Shaw also announced that it has entered into a definitive agreement with Quebecor Media for the acquisition of 700 MHz and 2,500 MHz wireless spectrum licences for a sum of $430 million. The spectrum licences being acquired comprise the 10 MHz licences of 700 MHz spectrum in each of British Columbia, Alberta, and Southern Ontario, as well as the 20 MHz licences of 2,500 MHz spectrum in Vancouver, Edmonton, Calgary and Toronto.

In addition to the spectrum acquisition cost, capex associated with the deployment of the acquired spectrum are estimated at approximately C$350 million. The company expects the bulk of the capital for the network build to be incurred during fiscal 2018. The spectrum transaction will be funded using a combination of cash proceeds from the ViaWest transaction, cash on hand and/or Shaw's existing credit facility.

The company stated that the spectrum transaction is subject to customary closing conditions and regulatory approvals from the Ministry of Innovation, Science and Economic Development Canada (ISED) and under the Competition Act. The transaction has received all required internal approvals at Shaw and Quebecor and is not subject to approval by the shareholders of Shaw or further approval by shareholders of Quebecor. The transaction is expected to close in the summer 2017.

Regarding the transactions, Brad Shaw, CEO of Shaw, said, "With the acquisition of WIND, now Freedom Mobile, in 2016, Shaw has more synergistic investment opportunities as a leading enhanced connectivity provider in its Canadian footprint… I believe this incremental investment in the wireless business, particularly the addition of 700 MHz spectrum, will materially improve the long-term wireless customer experience and further enable Shaw to offer converged network solutions…".

Thursday, January 14, 2016

Shaw Sells Media Assets for C$2.65 Billion to Fund Wind Mobile Acquisition

Shaw Communications agreed to sell its wholly owned broadcasting subsidiary, Shaw Media, to Corus Entertainment for C$2.65 billion.  The deal includes Shaw Media's conventional television network, Global Television, and 19 specialty channels, including HGTV Canada, Food Network Canada, History Television and Showcase.

“This transaction represents a significant milestone for Shaw, firmly positioning the company as a leading pure-play connectivity provider with an attractive growth profile while allowing Shaw to participate in the significant upside potential resulting from the combination of Shaw Media and Corus,” said Chief Executive Officer, Brad Shaw. “With the previously announced acquisition of WIND and sale of Shaw Media, Shaw will be focused on delivering consumer and small business broadband communications supported by its best-in-class wireline, WiFi and wireless infrastructure. In combination, these transactions will also enhance Shaw’s growth profile, with approximately 25% of total revenue derived from growth services1.”

Thursday, December 17, 2015

Canada's Shaw Communications Diversifies with Bid for WIND Mobile

Shaw Communications agreed to acquire WIND Mobile Corp. for approximately CAD$1.6 billion.

WIND is Canada's 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. The company reports a 47% increase in its subscriber base over the past two years which has translated into strong growth in revenue and EBITDA. In calendar year 2015, WIND is expected to generate $485 million in revenue and $65 million in EBITDA. A scheduled upgrade to 4G LTE services is planned by 2017.

Shaw Communications, which is headquartered in Calgary, is a diversified cable, communications and media company, serving 3.2 million customers mainly in  British Columbia and Alberta, with smaller systems in Saskatchewan, Manitoba, and Northern Ontario.

“The global telecom landscape is quickly evolving towards 'mobile-first' product offerings as consumers demand ubiquitous connectivity from their service providers. The acquisition of WIND provides Shaw with a unique platform in the wireless sector which will allow us to offer a converged network solution to our customers that leverages our full portfolio of best-in-class telecom services, including fibre, cable, WiFi, and now wireless," said Chief Executive Officer, Brad Shaw.