Shaw feels the impact of competition

CALGARY – While not entirely applying the brakes, Shaw Communications confirmed Wednesday that it is slowing down the construction of its new wireless cellphone network, despite investing $42.1 million in the initiative in this quarter alone.That was just one of the surprises from new CEO Brad Shaw while announcing the company’s second quarter financial results. He also confirmed that approximately 550 employee positions were eliminated last month, including 150 at the management level.But the news wasn't all bad. Consolidated revenue for the second quarter ended February 28, 2011 was $1.20 billion, up 28.8% over the comparable period last year, which the company...