Executive said Shaw Communications Inc. had invested $5 billion in its wireless business \u0027and not made one dollar in cash flow.\u0027 Read more.
Bradley Shaw, the son of the company’s late founder, JR Shaw, said it was “extremely difficult” for the family to let go of the business, which he’s been in for 35 years. Bradley Shaw took the helm in 2010, succeeding his late older brother Jim Shaw and their father before then.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The executive said the telco has been outspent by Western Canada rival Telus by $7 billion over the past five years and was losing wireline market share to them. He also said Shaw had invested $5 billion in its wireless business “and not made one dollar in cash flow.”Article contentfrom wireless at the hearing earlier this week during his cross examination. English told the tribunal Tuesday that of their roughly $5.55 billion investment in the wireless business, about $3.
“ believe we don’t have the scale and size to make investments to truly innovate to truly give customers the services and products they want, so as we made the decision to sell,” Shaw told the tribunal. The company’s president, Paul McAleese, also continued to testify before the tribunal on Wednesday morning. In his witness statement, McAleese said the launch of “Big Gig” promotions by Shaw’s
— data plans that at the time were far cheaper than those offered by its Big Three competitors — was “one of the most important events in Canadian wireless history.”Article content
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