Cable & Telecom

Profits, dividends rise at Rogers

TORONTO – Rogers saw fourth quarter profits grow by 8%, helped in part by the sale of a “record” number of new smart phones, causing it to boost its dividend by 11%. The company said Wednesday that net income for the period ended December 31, 2011 was $327 million, up from $302 million last year, while operating revenue increased to $3.18 billion from $3.14 billion. For its 2011 financial year, Rogers’ net profit rose by 4% to $1.56 billion from $1.5 billion in 2010, while total operating revenue increased 2% to $12.43 billion. Growth at the company’s wireless division was up 2% to...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.