Shaw adds 34,000 subscribers, with wireless revenue up 26.8%

By zaymalz malz

Canadian telecommunications company Shaw Communications has seen strong performance in the wireless sector, having released its first quarter fiscal 2018 results, ended November 2017.

Proclaiming “positive and sustainable momentum building in wireless”, the company added 34,000 subscribers to its network, experiencing a 26.8% rise in revenue during the quarter year-on-year.

See also:

“We have created tremendous positive momentum in our Wireless business and we are committed to delivering Canadians sustainable and exceptional value and choice,” said Chief Executive Officer, Brad Shaw.

The firm attributes much of this to both the addition of the iPhone to its Freedom Mobile network, as well as the launch of its Big Gig data plans, offering large amounts of full speed data usage.

“On the back of our robust LTE-Advanced network, which is improving with every passing day, we launched our Big Gig data plans and the iPhone 8 and iPhone X to strong early demand,” Shaw continued.

“With continued improvements to our network and enhanced line up of smartphone devices, customers are recognizing the value proposition of our Big Gig data plans. It is increasingly clear that Canadians have been waiting for a credible wireless alternative and we are ready to deliver.”

As a result, the company received a net income of $114mn for the quarter, compared to $89mn in the Q1 2017.

Share

Featured Articles

Top 10 cybersecurity specialists in the US

As cyber attacks grow in frequency and become increasingly sophisticated, Business Chief looks at the top 10 cybersecurity specialists in the US.

Silicon Valley Bank collapse: How did we get here?

US authorities have stepped in to protect all Silicon Valley Bank customers following the second-largest bank failure in the country's history

Top 10 best new leadership books by women to read in 2023

To mark IWD, here’s our pick of the best new leadership books – all penned by impressive women at the forefront of the ever-evolving world of work

Eight of the best business leadership podcasts

Leadership & Strategy

CEO John Pagano, leading Saudi Arabia's Red Sea Global

Leadership & Strategy

Top 10 female CEOs according to Fortune’s Global 500 list

Leadership & Strategy