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Canada: Shaw increases profit

January 14, 2019

Canada’s Shaw Communications has reported a 68.5 per cent surge in quarterly profit, as more subscribers signed up for the telecom company’s wireless services.

Telecom service providers in Canada, including Shaw Communications, have started investing heavily in the next generation 5G network, to attract data-hungry customers: Shaw successfully completed its first 5G technical trials in Calgary in May 2018.

Net income rose to C$187 million ($140.9 million), and it added 65,000 in the quarter.

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