Cancom Communications: Corporate Update.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--Sept. 7, 2001 Shaw Communications (NYSE NYSE See: New York Stock Exchange :SJR SJR Senate Joint Resolution SJR Superjoint Ritual (band) SJR St John Rigby (Catholic Sixth Form College) SJR Signal-To-Jammer Ratio SJR Saint Joseph Regional High School (USA) ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :SJR.B.) CanadianSattel Cancom Communications today announced it has raised $250 million. The proceeds will mainly be used to finance the growth of Star Choice, its direct to home subsidiary. The financing was done on a private basis with Scotia Capital as the sole underwriter. Canadian Satellite Communications Inc., is the Canadian satellite services subsidiary of Shaw Communications Inc. (TSE: SJR.B, NYSE: SJR). It distributes direct-to-home (DTH (Direct-To-Home) Typically refers to satellite TV broadcasting directly to a dish antenna on the roof of a house. See DBS. ) digital video and audio programming through Star Choice Communications Inc., its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Cancom's other satellite services include the redistribution of television and radio signals via satellite to cable operators and other distributors as well as the provision of uplink and network management services for broadcasters. In addition, Cancom provides mobile tracking and messaging services to the Canadian trucking industry as well as satellite interactive distance learning networks for corporations and government. |
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