Shaw’s cable revenues up 4%
Canadian triple-play cableco Shaw Communications has announced consolidated financial and operating results for the three months ended 30 November 2011. Total cable and satellite revenue for the company’s first quarter of its fiscal year was CAD1.28 billion (USD1.26 billion), up 19% over the same period of 2010, while total operating income increased by 18% to CAD566 million. Net income from continuing operations of CAD202 million was compared to CAD17 million for the year-ago period. Revenue in the cable division was up 4% for the three months to CAD792 million, driven by customer growth and price changes, while cable operating income rose 7% year-on-year to CAD377 million. Basic cable TV customers fell by nearly 23,000 in the three months to the end of November 2011, to 2.267 million, but cable broadband internet users increased by 10,685 to 1,887,916 in the same three months, and cable digital phone lines in service reached 1,256,010, up by 22,969 in the quarter.