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Shaw Communications' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: SJR

Earlier this morning, we released our Q2 results, and we will spend some time discussing our subscriber and financial performance this quarter. But before we begin, I wanted to provide an update on some of our strategic priorities that we have discussed in the past.

In the last 40 years, we have made significant investments to create one of the leading entertainment and communications companies in Canada, and Shaw has experienced tremendous growth and success over the history of our organization. However, as our industry matures, cable, telecom and broadcasting entities are challenged to find ways to grow and differentiate their services. We believe that our overall strategy is the correct course of action, and that we are continuing to invest capital, and focus on operational resources, in strategic initiatives that solidify Shaw's position in the competitive environment.

Our DNU activities continued throughout the quarter and the reclamation of the analog tiers will enable us to offer our customers unmatched Internet speeds and a greater selection of HD and VOD services.

Our Wi-Fi network continues to be constructed, and earlier this year, we launched our Shaw Exo WiFi finder app. We will continue to focus on scaling the network and this remains a priority for us in fiscal '12 and '13.

As a technology, Wi-Fi is gathering a lot of attention regarding its role within the broadband and wireless ecosystems. We believe it will further differentiate our broadband experience and increase the value proposition of our Internet services. I also want to reaffirm that based on the government's announcement on March 14 regarding the 700 megahertz auction, we continue to view the economics of the traditional wireless network as unattractive and have no intention of building such infrastructure.

We continue to focus on opportunities within the business market in Western Canada. During the quarter, we announced contracts with BC Biomedical Laboratories, Husky's Energy Sunrise Project and the city of Calgary.

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