One of the leading internet and wireless service provider in Canada, Rogers Communications, has made it known that it will acquire a number of wireless spectrum licenses along with Mountain Cablevision from Shaw Communication for $700 million Canadian dollars or about 710 million USD, says Reuters. This acquisition will not only help Rogers to upgrade its networks, but it will also allow the wireless service provider to boost its market share in the Western region of Canada which is seeing an explosion of usage of data.
Rogers Communication’s President and CEO, Nadir Mohamed stated in a press release that:
“We’re investing in spectrum to ensure our customers continue to enjoy the incredibly fast speeds and throughput they crave, while ensuring our continued network leadership. We’re also strengthening our Cable portfolio by acquiring a valuable cable business which complements our existing Ontario cable system allowing us to deliver even more value for our customers and shareholders.”
The fresh initiative and upgrades of systems may help the largest internet and wireless service provider in the country to avoid a blooper like one that took place back int September. The issues caused a wide-ranging service outage was observed on both of its cable and cellular services. After the incident Rogers told consumers that the service outage was a result of “wireless interruptions”.
On the other hand, Shaw will further increase its stake in TVtropolis General Partnership by acquiring 33.3 percent more shares for $59 million Canadian dollars. The TV channel is basically owned by both Shaw and Rogers.
Source: TechCrunch
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