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April 14, 2021 - 3:18 PM
CALGARY - Shaw Communications Inc. is reporting higher revenue and earnings for its latest fiscal quarter as its $26-billion deal to be sold to Rogers Communications Inc. continues to face federal and regulator scrutiny.
The company says it had net income of $217 million on revenue of $1.387 billion in the three months ended Feb. 28, up from net income of $167 million on revenue of $1.363 billion in the same period a year ago.
Earnings before interest, taxes, depreciation and amortization came to $637 million, beating analyst expectations of $612 million, according to financial data firm Refinitiv.
Shaw says wireless service revenue rose 8.5 per cent to $218 million as it added 82,300 subscriptions, while wireline revenue dropped 0.8 per cent to $1.05 billion as it lost 65,800 subscriptions.
Shaw Communications reports higher second-quarter revenue and earnings
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CALGARY – Shaw Communications Inc. is reporting higher revenue and earnings for its latest fiscal quarter as its $26-billion deal to be sold to Rogers Communications Inc. continues to face federal and regulator scrutiny.
The company says it had net income of $217 million on revenue of $1.387 billion in the three months ended Feb. 28, up from net income of $167 million on revenue of $1.363 billion in the same period a year ago.
Earnings before interest, taxes, depreciation and amortization came to $637 million, beating analyst expectations of $612 million, according to financial data firm Refinitiv.
Earnings before interest, taxes, depreciation and amortization came to $637 million, beating analyst expectations of $612 million, according to financial data firm Refinitiv.
Shaw says wireless service revenue rose 8.5 per cent to $218 million as it added 82,300 subscriptions, while wireline revenue dropped 0.8 per cent to $1.05 billion as it lost 65,800 subscriptions.
The Rogers-Shaw deal would create a company that owns Canada s two largest cable systems, the country s No. 1 and No. 4 wireless businesses, one of Canada s two direct-to-home satellite services, as well as a significant stake in Cogeco.
Shaw s Freedom Mobile has said it will not participate in a wireless spectrum auction in June deemed crucial for the development of 5G networks.
Winnipeg Free Press By: The Canadian Press
Last Modified: 5:26 PM CDT Wednesday, Apr. 14, 2021 Save to Read Later
CALGARY - Shaw Communications Inc. is reporting higher revenue and earnings for its latest fiscal quarter as its $26-billion deal to be sold to Rogers Communications Inc. continues to face federal and regulator scrutiny.
CALGARY - Shaw Communications Inc. is reporting higher revenue and earnings for its latest fiscal quarter as its $26-billion deal to be sold to Rogers Communications Inc. continues to face federal and regulator scrutiny.
The company says it had net income of $217 million on revenue of $1.387 billion in the three months ended Feb. 28, up from net income of $167 million on revenue of $1.363 billion in the same period a year ago.