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Shaw’s cable revenues climb 2%

11 Jan 2013

Canada’s Shaw Communications has announced financial and operating results for the three months ended 30 November 2012, posting consolidated revenue for the quarter of CAD1.32 billion (USD1.34 billion), up by 3% compared to the same period of 2011, while total operating income before amortisation improved by 6% year-on-year to CAD601 million in September-November. Consolidated net income of CAD235 million in the three-month period was higher than CAD202 million posted a year earlier. Revenue at Shaw’s cable division reached CAD809 million in the quarter, up by 2% year-on-year, while cable operating income before amortisation climbed 5% to CAD396 million. Cable CAPEX of CAD140 million in September-November 2012 was CAD83 million lower than the investment made in the same period of 2011. Satellite TV division revenue also increased by 2% y-o-y, reaching CAD214 million, and satellite operating income before amortisation jumped 7% to CAD74 million.

Shaw’s basic cable TV customers stood at 2,166,536 at the end of November 2012, down by 23,912 in three months. Cable broadband internet subscribers reached 1,902,385 at the same date, up by 5,956 during the quarter. Digital cable-based telephony customers also increased, by 17,435 in three months to 1,362,617. Shaw’s satellite TV customer base shrank slightly, to 906,002 at 30 November, down by 4,021 from the end of August.

Canada, Shaw Communications (owned by Rogers)

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