Profits, customer losses, on the rise at Shaw

CALGARY – While Shaw Communications reported a 4.3% increase in first quarter profits, it also lost close to 30,000 cable customers for the period ended November 30, 2013.In a media briefing on Tuesday afternoon, CEO Brad Shaw blamed the customer loss on promotional activities staged by an “aggressive competitor”.“We have a 98% overlap of IPTV within our market with Telus. I think when you look (at) North America, we have the biggest overlap from a competitive point of view”, he said. “If we wanted to go out this quarter and get 80,000 revenue generating units, we could certainly do that,...