Shaw Communications Inc is paying $90 million to Monarch Cablesystems Ltd for cable-TV operations serving 35,000 subscribers in Alberta and southeastern British Columbia.

Canada's second-largest cable-TV company said Monday that the transaction, subject to approval by the Canadian Radio-television and Telecommunications Commission, covers systems in Medicine Hat, Taber, Brooks, Canmore, Banff and Lake Louise in Alberta, and Hope, Fernie and Kimberley in B.C.

Story at CBC news