1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Shaw has agreed to be acquired by Rogers, and the firms expect the deal to close in mid 2022. The proposed deal has seen pushback from regulators, but we think Shaw’s recent agreement to sell Freedom Mobile to Quebecor makes approval more likely.
Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw is also now a national wireless service provider after acquiring Wind Mobile in 2016. Shaw has upgraded its wireless network, undertaken an aggressive pricing strategy, and significantly enhanced its spectrum holdings. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.
