Shaw Communications hikes rates, triples Q3 profits

While its profits have more than tripled from the same time last year, Shaw Communications is raising rates for residential TV, internet and phone customers starting in August.
The Calgary-based company says customers can expect to see a monthly fee increase of up to $5 for television, $2-3 for internet and $1 for phone services, depending on the services they subscribe to.
"This rate adjustment is due to both rising operational costs and investing in our network and technology advancements" as "more people connect with more devices, more often," Shaw said on its website.
The company will work with customers "on a one-on-one basis" to review their packages and address concerns, it added. (CBC/CP)
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