This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

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.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,216.61 +25.24 0.15%
S&P 500 1,994.53 -7.63 -0.38%
NASDAQ 4,617.9220 -20.0720 -0.43%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs