The company said net income fell to C$132 million ($104 million), or 31 Canadian cents a share, in the fourth quarter ended on Aug. 31 from C$136 million, or 31 Canadian cents a share, a year earlier.

Revenue was 13 percent higher at C$806 million.

"We continue to review our wireless strategy and believe our entry in this new market should be measured and prudent in light of the developing competitive wireless market dynamics," said Chief Executive Jim Shaw in a statement. "As a result we do not currently anticipate making material investments in wireless during 2009."