Cable & Telecom

Q2 profits at Shaw top $155M

CALGARY – Despite adding fewer wireless customers than this time last year, Shaw Communications saw second quarter profits return to the black.For the three month period ended February 28, 2019, the company posted net income of $155 million up from the $175 million net loss posted in the same period last year.  Consolidated revenue dipped 1.0% to $1.32 billion year-over-year, and operating income before restructuring costs and amortization increased 13.7% to $549 million due to continued growth in its Wireline and Wireless segments.Shaw said Tuesday that it added approximately 47,800 net Wireless revenue generating units (RGUs) in the quarter, consisting of 64,700 postpaid additions and 16,900...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.