January 11, 2008 / 1:45 PM / in 10 years

Shaw quartly profit up, reviewing wireless rules

TORONTO, Jan 11 (Reuters) - Shaw Communications Inc SJRb.TO reported a higher first-quarter profit on Friday and said it is reviewing advanced wireless spectrum auction rules, as an increase in cable subscribers helped results.

Shaw, Canada’s No. 2 cable and satellite TV company, said it earned C$112 million, or 26 Canadian cents per share, in the three months ended Nov. 30. That was up from a profit of C$81 million, or 19 Canadian cents per share, in the same period a year earlier.

$1=$1.01 Canadian Reporting by Jonathan Spicer; Editing by Scott Anderson

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