Cable / Telecom News

Shaw adds 266,000 Freedom customers as wireless revenue passes $1B

Shaw adds 266,000 wireless customers as wireless revenue passes $1BCALGARY – Shaw Communications announced this morning its wireless revenue for its full fiscal 2019, ended August 31, 2019, surpassed $1 billion for the first time as the company added 266,000 new Freedom Mobile customers, including 90,700 in the fourth quarter.The meant wireless operating income before restructuring and amortization grew 45% year-over-year to over $205 million, as of August 31st.On the wireline front, Shaw added 34,700 net broadband customers during the full year (11,400 in Q4), but saw 106,000 cable TV customers depart, a 24% steeper decline than in 2018.Total fiscal...