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NewsAlert: Shaw Communications buying Wind Mobile in deal valued at $1.6 billion

CALGARY — Shaw Communications (TSX:SJR.B) has reached an agreement to buy Wind Mobile in a transaction valued at $1.6 billion.

The Calgary-based telecommunications company says it will acquire a full interest in parent company Mid-Bowline Group Corp., which owns Wind.

The transaction is subject to a number of approvals that include the Competition Bureau and the Ministry of Innovation, Science & Economic Development.

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