Free cash flow from Shaw wireless 'consistently negative' since 2016, merger tribunal hears

  • 📰 financialpost
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 85%

Business News News

Business Business Latest News,Business Business Headlines

Shaw Communications is currently in the process of selling Freedom Mobile to Quebecor\u0027s Vidéotron for $2.85 billion. Read more.

Testifying before the three-member tribunal on Tuesday, Shaw chief financial officer Trevor English, in a witness statement shown during the hearing, said the company uses this measure to assess its ability to repay debt and pay dividends to shareholders.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againOn Monday, English told the tribunal that, to date, Shaw has not been able to realize a reasonable return on its $4.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rogers, Shaw families stand to be 'big winners' of merger, Competition Bureau expert tells tribunalRogers\u0027 lawyer notes CRTC approved deal after considering impact on different stakeholders And digital users will be 'Big Losers' if CompetitionBureau makes wrong decision🤔 BigTeleCom Since when has a monopoly ever been good for the people?
Source: calgaryherald - 🏆 64. / 52 Read more »

Shaw has yet to recoup $4.5-billion investment in Freedom Mobile, CFO tells tribunalTrevor English says Shaw’s investment in its wireless business is ‘net negative’ by about $3.3-billion
Source: globeandmail - 🏆 5. / 92 Read more »