Shaw announces results, wireless plans

15 Jan 2010

Canadian cableco Shaw Communications has released its operational and financial results for its fiscal first quarter ended 30 November 2009, in which it posted three-month consolidated service revenues of CAD906 million (USD880 million), up 11% over the same period of 2008, whilst operating income before amortisation improved by 29% year-on-year to CAD475 million. During the quarter Shaw’s cable broadband internet and digital local telephony lines in service grew by 36,242 to 1,744,577, and by 61,461 to 923,365, respectively. Also during the three-month period the company completed the acquisition of Mountain Cablevision, operating in Hamilton, Ontario, adding approximately 41,000 basic cable TV customers, as well as 30,000 internet subscribers, and 32,000 digital phone lines.

Shaw has also announced plans to launch a cellular network in 2010, reports CBC. During its first-quarter earnings announcement the cableco said it will take ‘initial steps to commence wireless activities, with build-out planned over the next several years.’ Shaw did not elaborate further on its wireless plans.

Canada, Shaw Communications