Predict your next investment

Shaw Communications company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Telecom Services / Cable & Satellite
shaw.ca

See what CB Insights has to offer

Investments

3

Portfolio Exits

7

Partners & Customers

10

About Shaw Communications

Shaw Communications (NYSE:SJR) is a diversified communications and media company providing consumers with broadband cable television, internet, home phone, telecommunications services, satellite direct-to-home services, and programming content. The company was founded in 1966 and is based in Calgary, Canada. In August 2022, Shaw Communications was acquired by Rogers Communication.5B.

Shaw Communications Headquarters Location

2400 32nd Avenue NE

Calgary, Alberta, T2E 6T4,

Canada

888-472-2222

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Shaw Communications Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Shaw Communications Rank

Latest Shaw Communications News

Rogers, Shaw and Quebecor Sign Definitive Agreement for Sale of Freedom Mobile

Aug 12, 2022

Agreement consistent with the terms agreed to by the parties on June 17, 2022 Quebecor’s acquisition of Freedom Mobile creates a strong national wireless carrier that will offer competitive high-quality services, including 5G connectivity across Canada TORONTO, MONTREAL and CALGARY, Alberta, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (“Rogers”), Shaw Communications Inc. (“Shaw”) and Quebecor Inc. (“Quebecor”) today announced that they have entered into a definitive agreement (the “Agreement”) for the sale of Freedom Mobile Inc. (“Freedom”) to Videotron Ltd., a subsidiary of Quebecor (the “Freedom Transaction”), subject to regulatory approvals and closing of the merger of Shaw and Rogers announced on March 15, 2021 (the “Rogers-Shaw Transaction”). The parties strongly believe the Freedom Transaction provides the best opportunity to create a strong fourth national wireless services provider and addresses the concerns raised by the Commissioner of Competition and the Minister of Innovation, Science and Industry regarding the Rogers-Shaw Transaction. With this Agreement, the new combined business of Videotron and Freedom will be well-positioned to launch a strong, competitive national 5G offering, using Videotron’s 3500 MHz holdings. Accordingly, the parties believe the Rogers-Shaw Transaction should now be approved. This definitive agreement is substantially consistent with the terms previously announced on June 17, 2022. “We are very pleased with this Agreement, and we are determined to continue building on Freedom’s assets,” said Pierre Karl Péladeau, President and CEO of Quebecor. “Quebecor has shown that it is the best player to create real competition and disrupt the market. Our strong track record combined with Freedom’s solid Canadian footprint will allow us to offer consumers in British Columbia, Alberta and Ontario more choice, value, and affordability through discounted multiservice bundles and innovative products.” “This Agreement with Quebecor brings us one step closer to completing our merger with Shaw,” said Tony Staffieri, President and CEO of Rogers. “We strongly believe that this divestiture solution addresses the concerns raised by the Commissioner of Competition and the Minister of Innovation, Science and Industry and we look forward to securing the outstanding regulatory approvals for our merger with Shaw so that we can start delivering its significant long-term benefits to Canadian consumers and businesses, including improved network resiliency.” “My family, our management team, and our people are extremely proud of what we built with Freedom Mobile. Over the past six years we invested billions of dollars and launched products and services that disrupted the marketplace and helped redefine what Canadians can expect from their wireless carrier, but there’s much more that could be done as next generation networks are deployed, technology becomes more sophisticated and consumers’ demands for fast and responsive applications continue to increase,” said Brad Shaw, Executive Chairman and CEO of Shaw. “Bringing Freedom Mobile and Quebecor together will expand Freedom’s scope to create a national provider with greater ability to invest and compete for the future growth and technology Canadians will need.” Required Approvals The Freedom Transaction is conditional on, among other things, clearance under the Competition Act and approval of the Minister of Innovation, Science and Industry. It is also conditional on, and would close substantially concurrently with, closing of the Rogers-Shaw Transaction. As previously announced, Rogers, Shaw and the Shaw Family Living Trust have agreed to extend the outside date of the Rogers-Shaw Transaction to December 31, 2022 (which outside date may be further extended to January 31, 2023 at the option of Rogers or Shaw, provided Rogers has committed financing available to complete the merger), demonstrating their commitment to completing this transformative combination. The Rogers-Shaw Transaction, which would see Shaw merge with Rogers, has already been approved by the shareholders of Shaw and the Court of Queen’s Bench of Alberta, and the Canadian Radio-television and Telecommunications Commission, and remains subject to review by the Competition Tribunal and approval by the Minister of Innovation, Science and Industry. The Commissioner of Competition has applied for an order of the Competition Tribunal that the parties not proceed with the Rogers-Shaw Transaction, and closing of the Rogers-Shaw Transaction is conditional on either agreement with the Commissioner of Competition or the Competition Tribunal disposing of the application on terms that allow the transaction to close. Rogers’ standalone financial guidance for 2022, provided on April 20, 2022, remains unchanged. Caution Regarding Forward Looking Statements This news release includes “forward-looking statements” within the meaning of applicable securities laws, including, without limitation, statements about the terms and conditions of the Freedom Transaction, the anticipated benefits and effects of the Freedom Transaction and the Rogers-Shaw Transaction and the timing thereof, including the expected impact of the Freedom Transaction on competitive conditions in Canada’s telecommunications industry or wireless markets and the ability of Quebecor to emerge as Canada’s fourth national wireless competitor, the potential timing and anticipated receipt of the required regulatory approvals and clearances for the Freedom Transaction and the Rogers-Shaw Transaction, and the anticipated timing for closing of the Freedom Transaction and the Rogers-Shaw Transaction. Forward-looking information may in some cases be identified by words such as “will”, “anticipates”, “believes”, “expects”, “intends” and similar expressions suggesting future events or future performance. We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the current objectives, strategies and intentions of Rogers, Shaw or Quebecor to change. Such risks, uncertainties and other factors include, among others, the possibility that the Freedom Transaction or the Rogers-Shaw Transaction will not be completed in the expected timeframe or at all; the failure to obtain any necessary regulatory approvals and clearances in connection with the Freedom Transaction or the Rogers-Shaw Transaction in the expected timeframe or at all; the possibility that the parties will not be able to reach a resolution with the Commissioner of Competition or the Minister of Innovation, Science and Industry regarding the Rogers-Shaw Transaction; the outcome and timing of pending or potential litigation or regulatory proceedings associated with the Rogers-Shaw Transaction or the Freedom Transaction, including the proceeding commenced on May 9, 2022 by the Commissioner of Competition before the Competition Tribunal to block the Rogers-Shaw Transaction and any appeals from any decision rendered by the Competition Tribunal; the failure to realize the anticipated benefits of the Freedom Transaction and the Rogers-Shaw Transaction in the expected timeframes or at all; and general economic, business and political conditions. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the future results or plans of Rogers, Shaw or Quebecor. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represent expectations as of the date of this news release and are subject to change after such date. A comprehensive discussion of other risks that impact each of Rogers, Shaw and Quebecor can also be found in its public reports and filings, which are available under their respective profiles, as applicable, at www.sedar.com and www.sec.gov. Forward-looking information is provided herein for the purpose of giving information about the Freedom Transaction and the Rogers-Shaw Transaction, their expected timing and their anticipated benefits. Readers are cautioned that such information may not be appropriate for other purposes. The completion of the Freedom Transaction and the Rogers-Shaw Transaction is subject to certain closing conditions, termination rights and other risks and uncertainties including, without limitation, regulatory approvals and clearances. There can be no assurance that such closing conditions will be satisfied, that such regulatory approvals and clearances will be obtained or that either the Freedom Transaction or the Rogers-Shaw Transaction will occur, or that either will occur on the terms and conditions described herein or previously announced. The Freedom Transaction and the Rogers-Shaw Transaction could be modified, restructured or terminated. There can be no assurance that one or both of the Freedom Transaction or the Rogers-Shaw Transaction will be acceptable to regulatory authorities or will be completed in order to permit the other transaction to be consummated. There can also be no assurance that the outside date of the Rogers-Shaw Transaction will be further extended by the parties, or that the outside date of the Freedom Transaction will be extended by the parties to the extent necessary to permit closing of either transaction to occur. Finally, there can be no assurance that the anticipated benefits of either the Freedom Transaction or the Rogers-Shaw Transaction will be achieved in the expected timeframes or at all. All forward-looking statements are made pursuant to the “safe harbour” provisions of the applicable Canadian and United States securities laws. None of Rogers, Shaw or Quebecor is under any obligation (and each of Rogers, Shaw and Quebecor expressly disclaims any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein. About Rogers Rogers is a leading Canadian technology and media company that provides communications services and entertainment to consumers and businesses. Rogers shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit: www.rogers.com or http://investors.rogers.com . About Quebecor Inc. Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A, QBR.B) employs nearly 10,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship. About Shaw Communications Inc. Shaw is a leading Canadian connectivity company. The Wireline division consists of Consumer and Business services. Consumer serves residential customers with broadband Internet, Shaw Go WiFi, video and digital phone. Business provides business customers with Internet, data, WiFi, digital phone, and video services. The Wireless division provides wireless voice and LTE data services. 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, NYSE – SJR, and TSXV – SJR.A). For more information, please visit www.shaw.ca . For more information:

Shaw Communications Investments

3 Investments

Shaw Communications has made 3 investments. Their latest investment was in Plume as part of their Series D on February 2, 2020.

CBI Logo

Shaw Communications Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/26/2020

Series D

Plume

$60M

No

5

4/11/2017

Series C

Subscribe to see more

$99M

Subscribe to see more

10

5/17/1999

Unattributed VC

Subscribe to see more

$99M

Subscribe to see more

0

Date

2/26/2020

4/11/2017

5/17/1999

Round

Series D

Series C

Unattributed VC

Company

Plume

Subscribe to see more

Subscribe to see more

Amount

$60M

$99M

$99M

New?

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

5

10

0

Shaw Communications Portfolio Exits

7 Portfolio Exits

Shaw Communications has 7 portfolio exits. Their latest portfolio exit was Freedom Mobile on August 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/12/2022

Acquired - III

$99M

10

3/24/2022

Divestiture

Subscribe to see more

$99M

Subscribe to see more

10

8/1/2019

Divestiture

Subscribe to see more

$99M

Subscribe to see more

10

6/13/2017

Acquired - II

Subscribe to see more

$99M

Subscribe to see more

10

1/13/2016

Acquired - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/12/2022

3/24/2022

8/1/2019

6/13/2017

1/13/2016

Exit

Acquired - III

Divestiture

Divestiture

Acquired - II

Acquired - II

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

10

10

10

10

10

Shaw Communications Acquisitions

5 Acquisitions

Shaw Communications acquired 5 companies. Their latest acquisition was Freedom Mobile on December 17, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/17/2015

Debt

$99M

$425M

Acquired - II

4

9/3/2014

Debt

Subscribe to see more

$99M

$99M

Subscribe to see more

10

10/22/2010

Subscribe to see more

$99M

Subscribe to see more

10

10/30/2009

Subscribe to see more

$99M

Subscribe to see more

10

11/8/1999

Subscribe to see more

$99M

Subscribe to see more

0

Date

12/17/2015

9/3/2014

10/22/2010

10/30/2009

11/8/1999

Investment Stage

Debt

Debt

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$425M

$99M

Note

Acquired - II

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

4

10

10

10

0

Shaw Communications Partners & Customers

10 Partners and customers

Shaw Communications has 10 strategic partners and customers. Shaw Communications recently partnered with Globalive on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/19/2022

Partner

Canada

Canada's Telus and Globalive sign network pact to bid for Shaw's wireless business

`` Telus Corp and we believe that we are a strong remedy partner for Rogers Communications to get the Shaw Communications Inc merger approved , '' Globalive Chairman Anthony Lacavera told Reuters , adding that the pact presents a viable permanent fourth carrier in Canada , which has some of the some of the world 's steepest wireless rates .

1

12/1/2021

Partner

Canada

Canada Learning Code and Shaw Communications Team Up to Deliver Computer Science Education Programs to Youth in Western Canada

01 , 2021 -- Canada Learning Code today announced a new partnership with Shaw Communications Inc. that will support the advancement of Canada Learning Code 's Youth Ambassador program , the Girls Learn Code Program , the Teens Learning Code program , as well as its Code Squad through 2022 .

1

9/23/2021

Partner

Canada

Gord Downie & Chanie Wenjack Fund Empowers Students to be Leaders in Reconciliation With Support From Shaw Communications Inc.

With the inaugural National Day for Truth and Reconciliation taking place on Sept. 30 , this new partnership with Shaw Communications Inc. will help more students and educators in Alberta and British Columbia access the Legacy Schools program throughout the 2021/22 school year .

2

5/25/2021

Partner

Subscribe to see more

Subscribe to see more

10

7/8/2019

Licensor

United States

Subscribe to see more

Subscribe to see more

10

Date

5/19/2022

12/1/2021

9/23/2021

5/25/2021

7/8/2019

Type

Partner

Partner

Partner

Partner

Licensor

Business Partner

Country

Canada

Canada

Canada

United States

News Snippet

Canada's Telus and Globalive sign network pact to bid for Shaw's wireless business

`` Telus Corp and we believe that we are a strong remedy partner for Rogers Communications to get the Shaw Communications Inc merger approved , '' Globalive Chairman Anthony Lacavera told Reuters , adding that the pact presents a viable permanent fourth carrier in Canada , which has some of the some of the world 's steepest wireless rates .

Canada Learning Code and Shaw Communications Team Up to Deliver Computer Science Education Programs to Youth in Western Canada

01 , 2021 -- Canada Learning Code today announced a new partnership with Shaw Communications Inc. that will support the advancement of Canada Learning Code 's Youth Ambassador program , the Girls Learn Code Program , the Teens Learning Code program , as well as its Code Squad through 2022 .

Gord Downie & Chanie Wenjack Fund Empowers Students to be Leaders in Reconciliation With Support From Shaw Communications Inc.

With the inaugural National Day for Truth and Reconciliation taking place on Sept. 30 , this new partnership with Shaw Communications Inc. will help more students and educators in Alberta and British Columbia access the Legacy Schools program throughout the 2021/22 school year .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

1

2

10

10

Shaw Communications Team

29 Team Members

Shaw Communications has 29 team members, including current Chief Executive Officer, Henry Shaw.

Name

Work History

Title

Status

Henry Shaw

Chief Executive Officer

Current

Paul Deverell

President

Current

Katherine Emberly

President

Current

Ron McKenzie

Octopz, Whitecap Venture Partners, and FORE Systems

President, Chief Operating Officer, Senior Vice President

Current

Zoran Stakic

Chief Operating Officer, Chief Technology Officer, Executive Vice President

Current

Name

Henry Shaw

Paul Deverell

Katherine Emberly

Ron McKenzie

Zoran Stakic

Work History

Octopz, Whitecap Venture Partners, and FORE Systems

Title

Chief Executive Officer

President

President

President, Chief Operating Officer, Senior Vice President

Chief Operating Officer, Chief Technology Officer, Executive Vice President

Status

Current

Current

Current

Current

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.