Cable / Telecom News

Subscriber numbers power growth at Shaw


CALGARY – Stable growth across its key metrics helped Shaw close out its 2009 fiscal year on solid ground.Consolidated service revenue for the year ended August 31, 2009 grew 9% over last year to reach $3.39 billion, while service operating income before amortization also improved by 9% to top $1.54 billion.Basic cable subscribers grew 29,467 to 2.29 million, and digital penetration grew from 40% in 2008 to 57% as Shaw reached 1.29 million digital customers. The company also reported 1.67 million Internet customers and 830,000 digital phone lines. DTH customers for Shaw Direct topped 900,000.Cable service revenue was up 11% for...