Cable / Telecom News

Shaw adds 22,450 phone customers

CALGARY – Shaw Communications today reported solid third quarter results, beating analysts extimates and revealing its number of telephony subscribers for the first time. The satellite, cable, Internet and telephone company announced net income of $43.3 million or $0.16 per share for the quarter ended May 31, 2005 compared to net income of $24.8 million or $0.06 per share for the comparable period in 2004. The market was expecting $0.12 per share. Net income for the nine months of the year was $94.2 million or $0.36 per share, up from $62.0 million or $0.14 per share last year. "Shaw's entry...