Shaw buys seven spectrum licences from Videotron in BC, Alberta, southern Ontario

MONTREAL and CALGARY – Videotron is continuing to shed its wireless spectrum outside of Quebec, announcing early Tuesday that Shaw Communications has bought seven licences for $430 million.The sale includes three 700 MHz licences covering southern Ontario and the entirety of Alberta and British Columbia, and four 2500 MHz licences covering Toronto, Edmonton, Calgary and Vancouver.The transaction is subject to required approvals from regulatory authorities, including the Competition Bureau and Innovation, Science and Economic Development Canada. It has already received all required internal approvals at Shaw and Videotron parent company Quebecor.Videotron said that the proceeds of the sale will allow...