Shaw didn't have enough capital to continue operating
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They had $10b+ in equity to work with and had ample opportunity to capture ZIRP if they wanted.
Anything inhibiting Shaw’s ability to raise capital was its dual class structure where the Shaw family retained control despite owning a minority of the shares.
Comments
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They had $10b+ in equity to work with and had ample opportunity to capture ZIRP if they wanted.
Anything inhibiting Shaw’s ability to raise capital was its dual class structure where the Shaw family retained control despite owning a minority of the shares.
$10B isn't enough to set up a 5G network. And... I guess it's a good thing they didn't assume ZIRP would be around forever?
Dunno if it was post-Quebecor acquisition, but Freedom Mobile did just that. Not every populated area, just their existing footprint.
Post acquisition. Part of the agreement was that Quebecor was going to put a lot of money into building new infrastructure.