Shaw Communications Inc. announced Thursday it will delay its wireless launch to early 2012. “With the rapid evolution of wireless technology and changing market conditions, we believe it is best to take a disciplined approach to our wireless rollout to ensure we deliver an exceptional customer experience,” Shaw CEO Brad Shaw said in a release. “Accordingly, during 2011 we plan to invest approximately $150 - $200 million on this initiative and now expect to launch these services in our first major market early in calendar year 2012, approximately 3 months later than previously anticipated.” Shaw added on a conference call with analysts that it plans to launch a more flexible and advanced television distribution service to compete with Telus Corp.'s Optik TV, which runs on the Microsoft Mediaroom platform. The company also reported its consolidated revenue for the first quarter was $1.08 billion, up 19 per cent year-over-year. But profits dropped 82 per cent due to one-time charges related to its acquisition of Canwest Global Communications Corp.'s television assets. Revenue in the cable division was up seven per cent in the quarter to $758 million. Revenue in the satellite division was $206 million, up three per cent, while revenue in the media division was $125 million.