CALGARY — Shaw Communications today announced its financial results for the second quarter of its 2022 fiscal year, reporting year-over-year decreases in its consolidated revenue, adjusted EBITDA and net income.
For the quarter that ended February 28, 2022, Shaw’s overall revenue decreased by 2% to $1.36 billion, adjusted EBITDA dropped slightly by 0.8% to $632 million, and net income fell 9.7% to $196 million, compared to the same quarter of fiscal 2021.
During Q2 2022, Shaw added 16,892 new wireless customers, consisting of 8,632 postpaid net additions and 8,260 prepaid additions. This is notably less than the company’s…
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QUISPAMSIS, NB — The Canadian Communication Systems Alliance (CCSA) said today it has called on the CRTC to stop Rogers Communications “from shutting down the satellite delivery of television signals to thousands of Canadians living in rural communities and the Far North.”
Just prior to the Commission’s March 24 approval of Rogers’ purchase of Shaw Communications, which includes Shaw Broadcast Services (SBS), “Shaw announced that a critical component of the SBS service, known as HITS-QT Plus, would be shut down by year end,” according to the CCSA’s press release.
The CCSA has been calling on the…
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CALGARY — Shaw Communications earlier this month launched an initiative with Tree Canada that challenges Canadian gamers across the country to help turn digital trees into real ones, with the goal of planting up to 20,000 trees.
To help kick off Earth Month, last week Shaw teamed up with three professional gamers (MDee14, Ty_digital and Kate, pictured above, left to right) to plant as many virtual trees as they could during a one-hour Twitch stream. For every virtual tree planted, Shaw will plant a real tree with their…
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OTTAWA – The CRTC today approved the broadcast side of the merger between Rogers Communications and Shaw Communications, with several conditions attached.
The Commission concluded the transaction – when modified – “is in the public interest and advances the objectives set out for the Canadian broadcasting system in the Broadcasting Act,” its decision reads. “Canadians as consumers will benefit from this transaction.”
One of the conditions included in the decision requires Rogers to submit a revised tangible benefits proposal. Tangible benefits were a significant topic of discussion during the CRTC’s hearing last November.
Originally, Rogers proposed a tangible benefits package…
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CALGARY — Shaw Communications and the B.C. Hockey League (BCHL) announced today they are teaming up once again for the “Brighter Communities powered by Shaw” fundraising initiative, a text-to-donate program supporting local charities in B.C. communities.
“For the second year in a row, each of the 17 Canadian BCHL teams are partnering with a local charitable organization that is working to make a difference in the lives of children and youth in their community. Beginning today until May 31, fans can make a $10 donation to support their team’s charity by texting a unique code to 41010,” explains a Shaw…
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VANCOUVER – While Rogers Communications has been working on its acquisition of Shaw Communications, Telus has been accelerating its broadband build program in the hopes of grabbing market share ahead the proposed deal’s approval.
“We knew the timeline for… going through the process of approval was 18 months to two years, and then they’ve got a post-acquisition integration effort,” said Tony Geheran (above), executive vice-president and chief operations officer at Telus, in an interview with Cartt.ca.
Based on this, in May 2021, Telus announced it would invest an additional $1.5 billion in capital expenditures over 18 months. This pulled forward…
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ROGERS PRESIDENT AND CEO Tony Staffieri (above, centre) is “unsurprised” François-Philippe Champagne, the minister of Innovation, Science and Industry, said he would not allow the company to acquire all of Shaw Communications’ wireless licences last week.
Speaking with Scotiabank telecom analyst Jeff Fan (right) at the bank’s telecom, media and technology conference this afternoon, along with Glenn Brandt (left), Rogers’ chief financial officer, Staffieri said the statement was actually “very helpful in terms of articulating their broad view, which is on the wireless side, what they’d like to see is a continued fourth player in the marketplace.”
Overall, Staffieri told…
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CALGARY — In celebration of International Women’s Day, Shaw Communications and Hackergal today announced “Code the Future”, a new initiative designed to introduce young women, including non-binary, gender queer and trans individuals, to the basics of code and to help inspire them to explore the world of STEM.
Starting today, visitors to codethefuture.ca will be given the tools “to create a custom, web-based digital image using CSS and JavaScript coding languages,” which they are encouraged to share with their social networks “to inspire others and spread positive messages that celebrate women in STEM,” reads a press release.
“Code the Future is…
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Recommends government ensure all conditions are enforceable if it does
OTTAWA – The merger between Rogers and Shaw should not proceed, the Standing Committee on Industry and Technology says in a report presented to the House today.
The committee recommends that if it does go through, however, the government should ensure “all conditions attached to the merger approval are fully enforceable and that resources are available to enforce them.”
According to the report, the committee, chaired by Liberal member of parliament Joël Lightbound, is unconvinced of the merger’s merits and has taken issue with the enforceability of the commitments Rogers has made…
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Rogers, Shaw continue to work with government; Quebecor CEO weighs in
OTTAWA – Minister of Innovation, Science and Industry François-Philippe Champagne will not allow Rogers Communications to acquire all of Shaw Communications’ wireless licences, he said in a statement today.
“The wholesale transfer of Shaw’s wireless licences to Rogers is fundamentally incompatible with our government’s policies for spectrum and mobile service competition, and I will simply not permit it,” the statement reads.
Champagne noted the importance of access to Internet and wireless services and said the “government is making every effort to ensure that telecommunications services are reliable, innovative, competitive…
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