Shaw delaying its wireless launch

Shaw is once again hitting the brakes on entering the increasingly crowded cellphone market, a move analysts worry leave the cable giant further behind competitors who are gaining market share in its core businesses. CEO Brad Shaw said Wednesday the company is slowing its wireless build — scheduled to roll out early next year — to review the rapidly evolving technology, while reporting second quarter profits rose 20 per cent. “Our strategy has always been focused on creating a wireless service that creates compelling value for both our customers and our shareholders,” Shaw said in a conference call with analysts. “Therefore we believe we should allow some of the uncertainties, including technology developments within the industry, to become clear before we move forward and articulate our wireless plans.” That includes watching the development of LTE, or long-term evolution, networks, a direction most U.S. carriers are heading.