Shaw Communications reports Q1 EPS C31c vs. C36c last year
Reports Q1 revenue C$1.38B vs. C$1.35B last year. "We continue to demonstrate consistent execution across our business units and remain focused on our growth segments including Wireless, Business and Broadband," said Brad Shaw, CEO. "As the competitive landscape in wireless continues to intensify and evolve, our positioning in the market remains strong. Freedom Mobile's reputation of providing high quality and affordable wireless services, not just during the highly competitive holiday period, but every day, resonates well with customers and through the introduction of Freedom Home Internet, we have reinforced our dual brand strategy that enables us to effectively segment the broadband market." The company continues to grow its wireless subscriber base, which is now over 1.7 million customers, including approximately 67,000 postpaid net additions in the first quarter, along with solid year-over-year ABPU and ARPU growth of 4.5% and 1.0%, respectively, the company said in a statement. Postpaid churn increased marginally in the quarter to 1.5% compared to a year ago, it added.