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Quebecor Inc.’s Videotron is often seen as the blueprint for how a new wireless entrant can quickly build market share, but one analyst doesn’t expect things to go as smoothly for Shaw Communications Inc.

Videotron has said its goal is to grab a quarter of the wireless subscribers in its operating territory and, to that end, it has amassed nearly 1 million subscribers in Quebec and parts of Ontario since its 2010 launch.

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While Shaw has said it is just as ambitious as it vies for wireless subscribers in Ontario, Alberta and B.C., two key differences may slow its progress, Barclays analyst Phillip Huang wrote in a note to clients Monday.

First, Shaw — which operates under the wireless brand Freedom Mobile and has about 1.1. million subscribers — doesn’t have a network sharing agreement with one of Canada’s largest network operators, Huang noted. This means it alone must finance network upgrades. Videotron, on the other hand, is four years into a 20-year deal with Rogers Communications Inc. to build and operate a shared network in the region. BCE Inc. and Telus Corp. also have a network sharing agreement across most of Canada.