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

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 daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. 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.

Then they should go out of business or sale themselves as “asset in distress” to any other interested party except any of the current telecommunications companies in Canada.

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Free cash flow from Shaw wireless 'consistently negative' since 2016, merger tribunal hearsShaw Communications is currently in the process of selling Freedom Mobile to Quebecor\u0027s Vidéotron for $2.85 billion. Read more.
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Free cash flow from Shaw wireless 'consistently negative' since 2016, merger tribunal hearsShaw Communications is currently in the process of selling Freedom Mobile to Quebecor\u0027s Vidéotron for $2.85 billion. Read more. Sounds like FTX
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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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Competition watchdog pushes back on concerns Shaw has about its business - BNN BloombergCounsel for the Competition Bureau tried to build the case Tuesday that Shaw Communications Inc. is not in as troubled a position as the company has made it seem as the hearing on the $26-billion proposed deal with Rogers Communications Inc. continued. If Shaw is an asset in distress why would somebody pay Billions? Usually distress assets are sold for pennies to the dollar. This is such a lame “excuse”. This deal should be stopped for the consumers sake JTSingh…should let T-Mobile or Verizon come to town and buy Shaw…then we’ll see lower prices and better service
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