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

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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.

 

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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
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