Shaw Communications Inc. today confirms that it has closed its previously announced acquisition of Mid-Bowline Group Corp. and its wholly-owned subsidiary, WIND Mobile Corp., for an enterprise value of approximately $1.6 billion.
Chief Executive Officer, Brad Shaw said, "We know Canadians want options when it comes to their wireless provider and, in time, customers can expect to see integrated offerings that provide them with the best value for their dollar in quality of coverage and connectivity. We are excited about our growth prospects in mobile and welcome the WIND team of 1200 employees. With the transformative power of this transaction, Shaw will become a leading pure-play connectivity provider."
WIND is Canada's largest non-incumbent wireless services provider, serving approximately 940,000 subscribers across Ontario, British Columbia and Alberta with 50MHz of spectrum in each of these regions. Shaw will continue to invest in the wireless network and service offering, including the upgrade of its network to 4G LTE.
"With Shaw's long-term commitment, customer focus and breadth of product offering, we are better positioned to deliver better value and capability to WIND customers," said Alek Krstajic, Executive Vice President & President, WIND. "The strength of Shaw as a company and as a brand will provide Canadians with more choice and opportunities to stay connected."