Saturday, April 10, 2010

Shaw to invest $100 million in wireless service


Shaw Communications Inc. plans to launch its long-awaited wireless business in late 2011, at which point many of its rivals will have grabbed shares of the competitive mobile phone market. The Calgary-based cable TV, Internet and digital phone provider said Friday it will invest $100 million this year on its wireless rollout. The new details do little to satiate investor curiosity, said Genuity Capital Markets analyst Dvai Ghose. "It's all very, very vague. What they don't tell you is how much more they plan to spend, which markets." Shaw spent $190 million on wireless licences nearly two years ago, when Ottawa let new players enter an industry.

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