Shaw pays USD221m for corporate broadband network operator Envision

9 Apr 2013

Canadian cableco Shaw Communications has agreed to acquire high speed data communications operator Enmax Envision from Enmax Corporation for approximately CAD225 million (USD221 million), and intends to integrate the new purchase with its existing business telecoms solutions division. Envision operates one of Calgary’s largest fibre-optic networks and specialises in providing large bandwidth solutions to businesses that require a dedicated internet connection or need to connect multiple locations over private networks. ‘The combination of Envision and Shaw Business will create a very competitive value proposition for Calgary’s business customers looking for leading connectivity, integrated services, and effective and responsive service,’ said Brad Shaw, Shaw’s CEO, who added: ‘This transaction catapults our growth in the competitive Calgary business marketplace, and demonstrates our resolve to grow this segment of our business… We look forward to expanding Shaw Business with a highly attractive offering for Calgary’s business community, including products and services complementary to those currently offered by Envision.’

Canada, Shaw Communications