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Shaw Communications to buy Enmax Envision for $225-million

Brad Shaw, CEO of Shaw Communications.

Jeff McIntosh/THE CANADIAN PRESS

Shaw Communications Inc. said Monday it has signed a deal to buy Enmax Envision Inc. from Enmax Corp. for $225-million.

Envision runs one of Calgary's largest fibre-optic networks and specializes in providing large amounts of bandwidth to businesses that require a connection or connect multiple locations over private networks.

Shaw said it will use Envision to expand its Shaw Business service with products and services complementary to those offered by Envision.

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The purchase will be funded with cash on hand and through Shaw's existing credit facility.

Shaw provides cable television, high-speed Internet and home phone services in Western Canada.

The company also owns Global Television and 18 specialty networks including HGTV Canada, Food Network Canada, History and Showcase.

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