RSSShaw Communications (NYSE: JRS) ended Thursday their plans for a cellular wireless network, choose a wireless network to their existing customers instead of build.
Shares in the media and telecommunications in Calgary-based operators have 3,26% to $ 21.67 as in 1 h 11 (EDT).
The groups of other Telecom Canada, trade was mixed in the afternoon, as BC (TSX: BCE) (NYSE: BCE) that the network of Bell, dropped 40 cents to $ 38,98) Rogers Communications (TSX: RCI.)(B) (NYSE: RCI) was of 37 cents at $ 38.38 and TELUS (TSX: T) (NYSE: a), $ 15 cents to 53,83.
Brad Shaw, CEO of the company, said: “We decided to focus on our core business and to strengthen our media and the use running programs to support our leadership in broadband and video.”
Found that, despite the established property based and meaningful traffic does not make sense at this time behind Shaw of an opportunity to wireless business. The company already numerous barriers to the entry into service of mobile phones, including the lack of the effective area in competition with the established established market.
Instead, managed the company, so that a Wi-Fi network, expand their services at home, these clients.
In a statement, the company said: “this will be our objectives without much more $ 1 billion in capital expenditure on a traditional construction of wireless network”.
In April, Shaw announced that its wireless plans, while the activities slowly build strategic and technological solutions for mobile phone reviewed initiative.