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Canadian Internet Provider Rogers Buys Mountain Cablevision, Wireless Spectrum Licenses From Shaw

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http://techcrunch.com – Rogers Communications, one of Canada’s largest wireless and Internet provider, said it will buy Mountain Cablevision and some wireless spectrum licenses from Shaw Communication for about $710 million USD ($700 million in Canadian dollars), reports Reuters. Shaw will buy the 33.3 percent stake in the TVtropolis General Partnership it does not already own for $59 million Canadian dollars. TVtropolis, a TV channel, is currently jointly owned by Rogers and Shaw. Rogers said that the acquisition allows it to upgrade networks and uphold its share of the wireless market in Western Canada as data us (IT news)