Local phone helps Shaw triple its income as digital TV growth slows

CALGARY – Thanks to the addition of 43,744 local phone customers in the fourth quarter, bringing its total to 212,707 voice subscribers, Shaw Communications today announced net income of $210.4 million in the quarter ended August 31, three times its net income of $70 million for the same quarter of 2005. Net income for the year was $458.3 million, up from $153.2 million last year. Net income also included non-operating items such as tax recoveries in the first, third and fourth quarters of 2006 primarily related to reductions in enacted income tax rates, a gain on the sale of a...