Shaw Communications Inc (TSX:SJR.B) News and Share PriceTelecommunication
Shaw Communications Inc, listed on the Toronto Stock Exchange under the stock ticker ‘SJR.B’, is a telecommunications company that provides both wireless and wireline services.
It operates through three reporting segments: Wireline Consumer, Wireline Business and Wireless.
The company provides broadband internet to consumers through Shaw Go WiFi, video, internet, and home phone services through this segment.
Shaw Communications provides wireless data and voice services through Shaw Mobile and Freedom Mobile.
The division provides connectivity services, including internet, data security, WiFi and phone services to business clients.
In March 2021, the company announced that it is set to be acquired by fellow Canadian telecom enterprise Rogers Communications Inc. The merger is expected to augment the 5G network infrastructure in Western Canada and transform Canada’s telecom sector as a whole.
Shaw Communications Inc provides internet, video-cable, video-satellite and phone services under consumer and business division. The company also provides LTE (long term evolution) data and wireless prepaid and postpaid voice services.
The consumer division connects Northern Ontario and Manitoba through an extensive fibre network under the brand FibrePlus to Alberta, British Columbia and Saskatchewan.
The company claims it owns a licensed satellite video services under the name Shaw Direct, which provides over 370 HD video channels, on-demand and pay-per-view packages across Canada.
The telecommunications company has significant subsidiaries, including:
• Shaw Cablesystems Limited
• Shaw Satellite G.P.
• Freedom Mobile Inc.
• Shaw Envision Inc.
• Shaw Telecom Inc.
• Shaw Satellite Services Inc.
The wireless division, Freedom Mobile, has a presence in Ontario, British Columbia and Alberta, the telecommunications company claims. In addition, Shaw Communications provides its services to over 18 million Canadians.
In August 2017, the firm sold its 100 per cent wholly-owned subsidiary ViaWest, Inc. and its subsidiaries to Peak 10 Holding Corporation.
JR Shaw founded the company, then known as Capital Television Co. It was incorporated in 1966 under the law of the Province of Alberta. In 1983, Capital Television Co became Shaw Cablesystems Ltd.
On May 12, 1993, the company rebranded itself to present name Shaw Communications Inc.
In 2019, Shaw Communications Inc sold all of its interest in Corus Entertainment Inc, a mass media and entertainment company in Toronto.
The company’s majority voting control is held by Shaw Family Living Trust (SFLT) and subsidiaries.
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