Cable & Telecom

Restructuring costs outweigh Q2 wireless gains at Shaw

CALGARY – Despite an influx of new wireless customers, Shaw Communications posted a second quarter net loss related to its voluntary departure and restructuring programs.For the three month period ended February 28, 2018, the company said its net loss of $164 million “substantially reflects” $417 million restructuring related costs recorded during the period due to its Total Business Transformation initiative that will see some 3,300 – or about one quarter of its current workforce – leave the company within the next 18 months.  Approximately 1,200 are scheduled to depart during this fiscal year. Shaw posted a $150 million profit in...
 

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.