Freedom Mobile drives Shaw's revenue growth, as cable video subscriber base declines [Business News Network (BNN) Energy & Resources (Canada)]
Shaw Communications Inc. (SJR)
Last shaw communications inc. earnings: 4/9 04:30 pm
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Source: Business News Network
Freedom Mobile drives Shaw's revenue growth, as cable video subscriber base declines Shaw Communications Inc. (SJRb.TO) beat analyst estimates for profit and revenue in its fall quarter, powered by its Freedom Mobile wireless business. Since acquiring Wind Mobile, Calgary-based Shaw has spent heavily to improve the capabilities of its wireless network, which operates in the more heavily populated portions of Ontario, Alberta and British Columbia. Shaw's ability to offer the iPhone and other Apple products starting in late 2017 helped improve Freedom's hardware sales and revenue per user throughout 2018. "Our efforts and focus over the quarter were aligned with our strategy, as we continue to move up-market and add higher-value customers," chief executive Brad Shaw told analysts on the company's first-quarter conference call. Freedom's average billing per subscriber was up 12 per cent at $41.99, he said. In addition, Freedom improved its retention of existing customers, with churn of i
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