Calgary and Toronto, - Shaw Communications Inc. has announced that it has sold the wholly owned operating division known as Star Choice Business Television (BTV) to Larry Steinman, Brian Neill and a group of private equity investors. Details of the transaction have not been disclosed.
The purchasers have significant experience in owning and operating satellite services organizations. Steinman, who founded the BTV service in 1981, will serve as its president. Neill was founding Chairman of Star Choice from 1995 to 2000.
Star Choice BTV enables its customers to communicate simultaneously with multiple locations, a service that is ideal for live interactive distance learning, product launches, annual meetings, corporate communications and private continent-wide Sbroadcasting.
"The divestiture of Star Choice Business Television remains consistent with our Company's decision to focus on our core operating divisions", said Peter Bissonnette, president of Shaw Communications Inc. "We are confident that the purchasers have the prerequisites to grow the business without compromising the quality and service that BTV's customers have become accustomed to."
"As corporations throughout North America continue to search for communications solutions that will maximize efficiencies, minimize costs, and build leading-edge competencies, we feel that BTV's interactive satellite products and services will continue to be very attractive," said Larry Steinman. "We intend to take this opportunity to build on BTV's strengths and impressive track record to expand the business".
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