Shaw Is Making Strides in Wireless, but Wireline Still Composes Most of Its Business
Shaw's nascent wireless business is making strides and tracking what we think is a long path to becoming a legitimate fourth national competitor in the Canadian market. With another strong quarter of postpaid net additions, double-digit ABPU (average billings per user) growth, and churn (which it disclosed for the first time) lower than we anticipated, the company's execution is excellent in our view. However, the wireline business—the source of the firm's narrow moat—is plodding along, and we a...Shaw Communications is a communications and media company. Co. has four operating segments: consumer, which provides cable telecommunications and satellite video services to residential customers; business network services, which provides data networking, cable telecommunications, satellite video and fleet tracking services to businesses and public sector entities; business infrastructure services, which provides data centre colocation, cloud technology and managed Information Technology solutions to businesses; and media, which provides programming content.
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