Cable & Telecom

Shaw reports Q4 and full year 2021 result; Reiterates commitment to Rogers deal

CALGARY – Shaw Communications Inc. announced last Friday its fourth quarter and full year financial and operating results, which include increases in net income by 44% and 43% respectively. “Consolidated revenue increased 2.1% year-over-year to $1.38 billion, adjusted EBITDA increased 3.4% year-over-year to $614 million and net income increased 44% to $252 million,” a press release says. For fiscal 2021, Shaw reported revenue increased 1.9% to $5.5 billion and adjusted EBITDA grew 4.6% to $2.5 billion. Net income for 2021 increased 43.3% to $986 million. In Q4, Shaw “added approximately 60,500 new Wireless customers,” the press release said. “Postpaid net additions...

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.