Press release

Shaw Communications Inc. completes the sale of ViaWest to Peak 10

August 01, 2017

CALGARY, August 1, 2017 – Shaw Communications Inc. (“Shaw”) announced today that it has completed the previously announced sale of its wholly-owned subsidiary, ViaWest, Inc. (“ViaWest”) to GI Partners portfolio company Peak 10 Holding Corporation (“Peak 10”) for US$1.675 billion (the “Transaction”).

Proceeds from the Transaction were used for the repayment of ViaWest level indebtedness, repayment of Shaw credit facility borrowings associated with the original ViaWest investment and subsequent INetU acquisition as well as the previously announced closing of the spectrum purchase from Quebecor on July 24, 2017, payment of estimated Transaction expenses and taxes, and addition to balance sheet cash.

“For Shaw’s shareholders and customers, this is another significant milestone on our path to becoming Canada’s leading connectivity provider with an attractive growth profile” said Brad Shaw, Chief Executive Officer, Shaw Communications. “We would like to personally thank Nancy, her management team, and all 600 of ViaWest’s employees for their commitment, dedication, and for helping us learn, expand and create more value for our customers and shareholders. We wish them well in their new journey with Peak 10.”

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About Shaw Communications

Shaw Communications Inc. is an enhanced connectivity provider. Our Consumer division serves consumers with broadband Internet, Shaw Go WiFi, video and digital phone. Our Wireless division provides wireless voice and data services through an expanding and improving mobile wireless network infrastructure. The Business Network Services division provides business customers with Internet, data, WiFi, telephony and video.

Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX - SJR.B, SJR.PR.A, SJR.PR.B, NYSE – SJR, and TSXV – SJR.A). For more information, please visit www.shaw.ca.

 

Investor Inquiries:
Shaw Communications Inc.
Investor Relations
investor.relations@sjrb.ca
www.shaw.ca

Media Inquiries:
Shaw Communications Inc.
Chethan Lakshman, VP External Affairs
chethan.lakshman@sjrb.ca
(403) 930-8448