Shaw to acquire Calgary fibre net for $225 million

CALGARY – Shaw Communications announced today that it has signed an agreement to acquire fibre-optics network provider Enmax Envision Inc. from Enmax Corp. for approximately $225 million. Enmax is a wholly owned division of the city of Calgary and is primarily an energy provider. Envision is a data communications provider operating one of Calgary's largest fibre-optic networks and specializing in providing large bandwidth solutions to businesses that require a dedicated internet connection or need to connect multiple locations over private networks. “This transaction catapults our growth in the competitive Calgary business marketplace, and demonstrates our resolve to grow this segment...