Shaw Communications executives said Thursday that the Freedom Mobile service won’t meet its 2020 target for growing its subscriber base, because the COVID-19 crisis has kept stores closed and customers distracted, but they said the lost revenue will be offset by lower operating costs during the coming months.
The comments came in a conference call to discuss the Calgary-based company’s results for the second quarter, which ended Feb.
29, just prior to the official declaration of a global pandemic and unprecedented social-distancing measures designed to slow and reduce the spread of the novel coronavirus.
The quarter also ended before Saudi Arabia began a global price war that dropped the price of crude oil, a major source of revenue for