Cable & Telecom

Shaw closes Mountain sale

CALGARY - Shaw Communications has closed its acquisition of Mountain Cablevision from the Boris Family who has owned Mountain Cablevision for the past 50 years. The transaction was subject to approval of the CRTC which was granted on October 22, 2009. The purchase price was approximately $300 million, $120 million of which was paid through the issuance of 6.14 million class B non-voting participating shares of Shaw, with the balance paid in