Shaw Communications plans to expand wireless business on west coast [Toronto Globe and Mail (Ontario, Canada)]
Shaw Communications Inc. (SJR)
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Source: Toronto Globe and Mail
Shaw Communications Inc. plans to expand its surging wireless business into new markets over the next year while its cable and internet operations flounder in a tough fight for subscribers. The Calgary-based company said on Thursday it added 85,000 new wireless customers in its fiscal fourth quarter, which ended on Aug. 31. That easily beat analyst expectations for about 63,000 additions and came as average monthly billings at its Freedom Mobile division rose 9 per cent as it sold more expensive data plans and was able to offer the iPhone to customers during the crucial back-to-school shopping season. Shaw executives said the company will expand Freedom’s network coverage into new urban markets – naming Victoria as well as Red Deer and Lethbridge in Alberta – and hopes to reach an additional 1.3 million potential subscribers. Story continues below advertisement Led by the strength of the wireless division and buoyed by cost-cutting on the cab
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