Post by
autofocus111 on Apr 19, 2022 1:18pm
This is what RCI is buying into?
Wow.
>>>Canadian operator Shaw Communications saw its revenue and profit slide in its fiscal Q2 (the three months ended February 28, 2022), as customer gains in its mobile segment slowed and wireline subscriber losses persisted. The company did not host an earnings call, however revealed in a press release revenue fell 2% year on year to CAD 1.36 billion ($1.08 billion). Meanwhile, net income dropped 9.7% to CAD 196 million ($155.2 million). By segment, wireline revenue dipped 1.3% to CAD 1.04 billion ($823.7 million) and wireless revenue decreased nearly 4% to CAD 323 million ($255.8 million). Shaw added 876 internet customers across its consumer and business units, but continued to hemorrhage video and phone customers. All told, it lost 58,081 wireline subscribers in the quarter, though this marked a slight improvement from a loss of 66,030 the year prior.
https://www.fiercetelecom.com/telecom/shaw-profit-slides-10-rogers-deal-lingers-limbo