Shaw Communications Inc., the country’s largest cable television provider, today announced its financial results for the first fiscal quarter ending November 30, 2011.
The company reported revenue for the three month period was $1.28 billion, up 19% over the same period last year. Operating income before amortization for the September to November time frame was $566 million, up 18% over the same period a year earlier.
New Brunswick’s Xplornet Communications Inc. announced today that the launch the Viasat-1 satellite has been set for this Wednesday October 19th at 2:48pm EST.
Calling it North America’s first 4G broadband satellite, Xplornet says Viasat will enable the company to expand and improve its high speed internet service offerings in rural and remote areas of Canada.
Beginning around 6:30 am Thursday morning, Shaw Direct customers began telling Digital Home that they were no longer able to receive numerous television channels, including most HD channels.
The source of the problem is a malfunctioning geostationary communications satellites launched by Telesat Canada called Anik F2
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.
While releasing its latest financial results, Shaw Communications confirmed today that it expects its Direct-to-Home satellite service, Shaw Direct, to have a third satellite in space by November 2012.
Anik G1 will join Anik F1 and F2 which have been used to beam Shaw Direct signals to consumers since April 2001. Anik G1 will increase Shaw Direct’s satellite capacity by 30%.
Kazakhstan based, International Launch Services (ILS), has announced the successful launch of the XM-5 satellite into orbit aboard an ILS Proton Rocket.
This is the 5th ILS Proton launch for Sirius XM Radio beginning with the first launch in 2000.
Shaw Direct, Canada’s number two direct-to-home (DTH) satellite broadcaster, announced this week that it has entered into agreements with Telesat to acquire capacity on a new satellite expected to be available in late 2012.
The company says the expanded capacity will increase Shaw Direct’s satellite television services by 30 percent through 16 new national transponders.
Ottawa based Telesat announced last week that it will purchase a new direct broadcast satellite called Nimiq 6 from Space Systems/Loral (SS/L).
The satellite, which is expected to launch in mid-2012, will be fully leased for its lifetime by Bell TV which will use it to service direct-to-home (DTH) satellite television subscribers across Canada.