Shaw Communications Inc. added more wireless subscribers and lost fewer TV, Internet and landline customers than expected in its most recent quarter, sending its shares higher. The company said Wednesday it recorded its best consumer subscriber trends in the quarter ended Feb. 28, since the second quarter of its 2012 financial year. Shaw lost 5,294 consumer subscribers between its cable and satellite TV, Internet and phone services, compared with a loss of nearly 42,000 in the same quarter last year. The company attributed the results, in part, to an attractively priced, high-speed Internet package that can be paired with its BlueSky TV Internet-protocol television product, which was launched earlier this year. Drew McReynolds, an RBC Dominion Securities analyst, wrote in a note that he estimated the company would lose 30,000 subscribers this quarter.

Source: thestar April 12, 2017 17:48 UTC