Covid hits revenue at Rogers as wireless subs climb

TORONTO – On the good news side, Rogers Communications’ fourth quarter results showed an addition of 114,000 new postpaid wireless subscribers while churn improved. As for the bad, the Covid crisis continues to impact the company’s operations as full year revenue (for the period ended December 31, 2020) dropped 8% to $13.92 billion and adjusted earnings before interest, taxes, depreciation and amortization declined 5%, compared to the same period of 2019 to $5.86 billion. On the cable side, service revenue rose by 3% to just over $1 billion in the quarter as the company added 19,000 internet subscribers and 71,000...