Shaw Communications Q3 profit surges on tax liabilities revi

Shaw Communications Q3 profit surges on tax liabilities revision and revenue growth


Shaw was expected to earn $169 million or 33 cents per share on $1.35 billion of revenues, according to financial data firm Refinitiv.
The results are from the Calgary company's latest financial report since Shaw agreed to be purchased by Rogers Communications for $26 billion, subject to federal approvals.
The Rogers-Shaw deal isn't expected to complete the review process until next year.
Observers have said the most challenging part of the transaction may be competition issues surrounding Shaw's Freedom Mobile division. The companies say they are confident the deal will be approved.
If the deal succeeds, Toronto-based Rogers would own Canada's No. 1 and No. 4 wireless businesses, the country's two largest cable systems and one of Canada's two direct-to-home satellite services.

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