Cable / Telecom News

Shaw buys a chunk of Mascon


CALGARY - Shaw Communications said today announced that it has agreed to buy the cable systems in Winfield, Lumby, Pender Island, Mayne Island, Galiano Island and Lillooet, B.C. from Mascon Communications.The deal sees Shaw acquire about two-thirds of Mascon's approximately 11,000 customers, leaving Mascon with systems in Sicamous, Chase and Sun Peaks. Financial terms of the deal were not disclosed. "We are delighted with the acquisition of these B.C. cable systems", said Peter Bissonnette, president of Shaw, in a release. "These cable systems complement our existing cable properties in and around Kelowna and the Gulf Islands." "We are proud of...