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Shaw Announces the Mailing of Its Circular in Connection With the Special Meeting of Shareholders to Approve the Proposed Business Combination With Rogers

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CALGARY, Alberta, April 23, 2021 (GLOBE NEWSWIRE) Shaw Communications Inc. (“Shaw”) announces the filing of a management information circular dated April 14, 2021 (the “Circular”) and related meeting and proxy materials, which will be mailed to holders of Shaw’s Class A Participating Shares (“Class A Shares”) and Class B Non-Voting Participating Shares (“Class B Shares”) in connection with the proposed business combination with Rogers Communications Inc. (“Rogers”).
Shaw and Rogers agreed to combine their respective businesses in accordance with an arrangement agreement dated March 13, 2021 pursuant to which Rogers will acquire all of Shaw’s issued and outstanding Class A Shares and Class B Shares. The transaction will be implemented by way of a court-approved plan of arrangement (the “Arrangement”) under the ....

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Rogers Communications Reports First Quarter 2021 Results

Strong execution in Wireless, Cable, and Media deliver solid operational improvements despite continued pandemic lockdown environment
Expanded Wireless adjusted EBITDA service margin by 310 basis points; strong Wireless postpaid net subscriber additions of 44,000
Monthly postpaid churn of 0.88%, improved 5 basis points
Service revenue down 6% and adjusted EBITDA down 1%
Increased Cable service revenue by 5%; grew adjusted EBITDA by 8%
Adjusted EBITDA margin up 110 basis points; capital intensity at 21%
Grew Media revenue by 7%, adjusted EBITDA improved by 31%, reflecting the return of live professional sports broadcasting
Continued expanding wireless service to more rural and underserved communities and providing 5G services to 173 communities across the country
TORONTO, April 21, 2021 (GLOBE NEWSWIRE) Rogers Communications Inc. today announced its unaudited financial and operating results for the first quarter ended March 31, 2021. ....

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