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** Shaw Communications falls as much as 10 pct to C$24.28, lowest since Feb 2014, after unveiling bid for Wind Mobile
** Shaw stock, down 8.5 pct, is set for its worst day in 11 years, over concerns about how it will finance C$1.6 bln deal
** But Shaw's move to enter the Canadian wireless market hits rival Telus Corp, down 7.7 pct at C$37.40
** Rogers Communications Inc down 5 pct at $47.70 and BCE Inc off 3 pct at C$53.23
** RBC cuts Telus to "sector perform" from "outperform" and lowers PT to C$41 from C$47 due to increased competition
** RBC cuts PT on Shaw to C$25 from C$27; expects company's net debt/EBITDA to rise to 2.9x in 2016 from 2.3x in 2015
** Brokerage also does not expect Shaw to materially raise dividend over next 1-2 years, "given what we expect will be a near-term drag on FCF"
** Desjardins also downgrades Telus to "hold" from "buy"