Calgary-based Shaw Communications Inc.'s profit slipped 11 per cent in its second quarter despite growth in its revenue, the cable television, internet and phone company reported Friday. Shaw had net earnings of $138.7 million, or 32 cents per share, for the three months ended Feb. 28, down from $156.6 million, or 36 cents per share, in the same period a year earlier. Analysts had expected 33 cents a share. The company also said it was increasing capital spending for its burgeoning wireless business, announcing plans to invest $100 million this fiscal year in a bid to launch the division by late 2011.
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