Cable company profits up 10.6% in 2010
The CRTC last week released the aggregate financial results for cable, satellite distribution and multipoint distribution system (MDS) companies in Canada for 2010.
The regulator reports that Canadian cable companies earned profits before interest and taxes (PBIT) of $2.6 billion, up 10.6% from $2.3 billion in 2009 and up 121% from $1.2 billion five years earlier.
