Shaw Communications Reports Freedom Mobile Leadership Transition - Quick Facts

(RTTNews) - Shaw Communications Inc. (SJR) announced that Alek Krstajic will be stepping down as CEO, Freedom Mobile. Paul McAleese will join as Chief Operating Officer, Freedom Mobile. Paul has more than two decades of experience in mobile communications in the U.S., U.K., and Canada.

Shaw confirmed there are no changes to its previously issued fiscal 2017 guidance. Operating income before restructuring costs and amortization is expected to range between C$2.125 and C$2.175 billion and free cash flow is expected to exceed C$400 million. Consolidated capital investment targets also remain unchanged from previously provided guidance at C$1.3 billion for the year.

For the second-quarter, consumer revenue generating units declined by just over 5,000, an improvement compared to approximately 41,000 RGU losses in the second quarter of fiscal 2016. The quarter's Consumer RGU result represents the division's best since the second quarter of fiscal 2012.