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Technology Stocks : Broadband Internet via Satellite

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To: Ilaine who started this subject11/10/2000 5:26:39 PM
From: Ilaine  Read Replies (3) of 163
 
>>Shaw to Develop Satellite Internet Offering
CALGARY, Alberta--(BUSINESS WIRE)--Nov. 10, 2000--Shaw Communications Inc. (``Shaw'') (TSE:SJR.B. - news; CDNX:SJR.A - news; NYSE:SJR - news) announced today that Star Choice, its direct-to-home (DTH) satellite company, has been authorized by Industry Canada to build and launch a Ka-band satellite using the satellite orbital position at 107.3 degrees W longitude.

This satellite will enable Star Choice to offer its customers two-way, high-speed Internet access and a variety of interactive, multimedia services.

``With Ka-band satellite technology, we will be a leader in extending broadband Internet access to DTH satellite customers everywhere,'' said Jim Shaw, President and CEO of Shaw Communications. ``Combined with our extensive IP backbone through Big Pipe and our Internet infrastructure we will be well positioned to provide our satellite customers with true broadband access to the Internet,'' he added.

The Ka-band satellite facility at 107.3 degrees W longitude will also provide extensive coverage of the continental United States. Shaw will be seeking partners to develop Ka-band satellite opportunities in the U.S.

Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing broadband cable television, Internet and satellite services to approximately 2.3 million customers. Shaw also has significant interests in telecommunications, Internet infrastructure and interactive television companies. Shaw is traded on the Toronto and New York stock exchanges (Symbol: TSE - SJR.B, NYSE - SJR).<<
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