Executive chairman and CEO
"Consumers are embracing the launch of Shaw Mobile and the value proposition of our offerings. Demand for our bundled wireless service has significantly exceeded our expectations, resulting in over 100,000 new wireless customers in the quarter," he said Wednesday.
Shaw said it absorbed a net loss of 15,000 internet customers as customers are increasingly choosing faster internet service.
"I am confident that our bundling initiatives provides a great value proposition for new customers and over time, will drive internet subscriber growth," Shaw said during a conference call.
"But I am equally pleased with the trends and improved profitability that we have seen in the early days of bundling mobility with our existing wireline customers."
Overall, Shaw reported a first-quarter profit of
The cable and wireless company said the profit amounted to
Revenue totalled
The results were in line with analyst expectations of
Shaw said the consumer and business wireline side of its operations earned nearly
Meanwhile, wireless revenue amounted to
Shaw said it had record wireless subscriber growth in the quarter with the addition of 101,000 new wireless customers, including 87,300 postpaid net additions and 13,700 prepaid net additions.
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