Shaw Communications Closes $1.2 Bln Acquisition Of ViaWest

(RTTNews) - Shaw Communications Inc (SJR_B.TO, SJR) said Tuesday it has closed its acquisition of ViaWest Inc from Oak Hill Capital Partners and other shareholders for an enterprise value of $1.2 billion.

"The ViaWest acquisition provides Shaw a growth platform in the attractive North American data centre sector and is another significant step in expanding our technology offerings for mid-market enterprises in Western Canada," said Shaw's Chief Executive Officer, Brad Shaw.

The ViaWest management team, led by co-founder, President and Chief Executive Officer Nancy Phillips, will continue to operate ViaWest from its Denver headquarters as a stand-alone wholly owned subsidiary of Shaw.