"Exploding" wireless data spawns differing plans. Rogers to buy Shaw's spectrum and Mountain Cable

TORONTO and CALGARY - Rogers Communications said late Monday afternoon it plans to pay Shaw Communications $700 million to acquire Hamilton Ontario-based Mountain Cablevision and to secure Shaw’s AWS spectrum holdings in 2014. The deal will also see Shaw purchase Rogers' one-third interest in TVtropolis for $59 million, giving it 100% of the specialty channel, and Shaw will enter into negotiations with Rogers for the provision of certain services in Western Canada. The press release did not specify what those services will be although Shaw CEO Brad Shaw hinted where some co-operation is being worked on. The decision to option...