January 13, 2011 12:19 pm
Shaw has just announced their Q1 First Financial and Operating Results and there is some unfortunate news regarding their wireless plans. Bottom line: delayed. Originally they had scheduled a “late 2011″ launch, then their VP of wireless suddenly departed the company last week. According to the release Chief Executive Officer Brad Shaw had the following to say:
“We remain committed to wireless and are excited about the opportunity wireless represents for our Company going forward. With the rapid evolution of wireless technology and changing market conditions, we believe it is best to take a disciplined approach to our wireless rollout to ensure we deliver an exceptional customer experience. Accordingly, during 2011 we plan to invest approximately $150 – $200 million on this initiative and now expect to launch these services in our first major market early in calendar year 2012, approximately 3 months later than previously anticipated.”
Competitors must be thrilled about this news.
Source: Market Wire