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CCR Update

News | 06/26/2002 4:00 am EDT

Slow digital cable growth, basic customer losses hit Shaw in Q3 . . .
Shaw Communications Inc. experienced a sharp decline in digital cable growth and lost several thousand basic cable customers in its 2002 fiscal third quarter ended May 31, according to company financial and subscriber results released June 25. Shaw added just 5,976 net digital cable set-top boxes in its third quarter, compared to 43,925 net additions in the previous quarter and 107,671 in the third quarter of 2001. Shaw attributed the slower growth to the elimination of promotional offers such as one-month free digital cable service and free installation, and reduced retailer incentives. The cable operator lost 19,000 basic cable customers in Q3 2002 due to "seasonality", increased competition, and cable tier and bundled package price increases implemented on May 1. Shaw has applied to the CRTC for basic cable rate deregulation. Other Q3 highlights:

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