Shaw Announces 2nd Quarter with Solid Financial Results

Shaw Communications Inc. has released their second quarter results (ended February 29, 2008). Consolidated service revenue for the quarter and year-to-date periods of $763 million and $1.51 billion – increased 11% over the comparable periods last year.

Specifically regarding their application to the recent Canadian Wireless Spectrum, Mr. Shaw said, “As previously announced, we have submitted an application for the upcoming Auction of Spectrum Licenses for advanced wireless services and plan to bid on licenses as we deem appropriate. The purchase of such licenses will be funded by the Company’s free cash flow and, as may be required, the existing bank credit facility.”

More details and full report located here.