Shaw Communications Inc. reported a first-quarter profit of $114 million as it ramped up its Freedom Mobile wireless business.
The company says the profit amounted to 22 cents per diluted share for the quarter ended Nov. 30, up from $89 million or 18 cents per diluted share a year earlier.
Get breaking National news
For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Revenue totalled $1.25 billion, up from $1.22 billion.
Wireless revenue climbed 26.8 per cent to $175 million, while wireline revenue fell 0.4 per cent to $1.08 billion.
During the quarter, Shaw said it added approximately 34,000 wireless subscribers compared with 9,500 net additions in the same quarter a year earlier.
Wireline subscribers fell by approximately 34,000 in the quarter compared with a loss of roughly 30,000 a year earlier.
- Alberta government to review intersection where 3 junior hockey players died in crash
- ‘These boys were all of our kids’: Hockey community mourns players killed in crash
- Danielle Smith says Alberta will withhold funding for judges without more input on selection
- Toys ‘R’ Us Canada seeks creditor protection, owes vendors at least $120M
Comments