Shaw Buys ENMAX Envision for $225M

Shaw Communications Inc. ("Shaw")

today announced that it has entered into agreements to acquire ENMAX Envision Inc. ("Envision") from ENMAX Corporation ("ENMAX") for approximately $225 million (the "Transaction"). Envision is ENMAX Corporation's high-speed data communications subsidiary, operating one of Calgary's largest fibre-optic networks and specializing in providing large bandwidth solutions to businesses that require a dedicated internet connection or need to connect multiple locations over private networks.