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Shaw Communications to buy the Campbell River Cable System for $46 million |
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Written by THE CANADIAN PRESS
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Thursday, 28 August 2008 |
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CALGARY - Shaw Communications Inc. (TSX:SJR.B) said Thursday that members of the Campbell River TV Association have approved the sale of the cable system in and around Campbell River, B.C., to Shaw in a deal worth $46 million.
The sale still requires CRTC approval.
The Cable River TV Association started operations in 1957 and provides the residents of Campbell River with cable and Internet offerings.
Shaw Communications serves 3.3 million customers, including 1.5 million Internet and over 550,000 residential digital phone customers.
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