Cable & Telecom

Shaw reports declines in revenue, income and lower growth in wireline and wireless as merger nears

CALGARY -- Shaw Communications reported a dip in revenue and net income for the quarter that ended on November 30, possibly one of its final quarterly reports before being acquired by Rogers Communications. The Calgary-based company reported a 1.2% decrease in revenue for its fiscal first quarter of 2023, to $1.37 billion, a decline in net income by 14.3% ($28 million) to $168 million, and earnings before interest, taxes, depreciation and amortization (EBITDA) declining 2.5% -- all compared to the same period the previous year. Part of its pared down net income was due to transaction-related costs. The telecom added...