Shaw Communications Inc. Significantly Enhances Its Wireless Network Capabilities

Shaw Communications Inc. Significantly Enhances Its Wireless Network Capabilities

– Addition of low-band spectrum is a significant milestone towards improving network coverage and quality across Alberta, British Columbia and Ontario – Canadians will benefit by having Shaw put this spectrum to use and continuing to offer true facilities-based competition and affordable wireless services on a more robust network – Enhanced financial flexibility going forward with pro forma net debt to EBITDA below 2.0x

Shaw Communications Inc. Announces Acquisition of 700 MHz and 2500 MHz Wireless Spectrum Licences from Quebecor Media Inc.

Shaw Communications Inc. Announces Acquisition of 700 MHz and 2500 MHz Wireless Spectrum Licences from Quebecor Media Inc.

CALGARY, ALBERTA — (Marketwired) — 06/13/17 — Shaw Communications Inc. (TSX: SJR.B)(TSX: SJR.PR.A)(TSX: SJR.PR.B)(NYSE: SJR)(TSX VENTURE: SJR.A)("Shaw") announced today that it has entered into a definitive agreement with Quebecor Media Inc. ("Quebecor") to acquire 700 MHz and 2500 MHz wireless spectrum licences for $430 million (the "Transaction").The spectrum licences being acquired comprise the 10 MHz licences of 700 MHz spectrum in each of British Columbia,