Cable / Telecom News

Q2 profit, revenue, up at Rogers as wireless subscriber growth slows

TORONTO - Cost efficiencies and revenue growth helped to drive margin expansion at each of Rogers Communications’ three divisions during the second quarter of fiscal 2010, ended June 30.Adjusted operating profit rose 11% to $1.2 billion as overall revenue grew 5% to $3 billion, compared to Q2 2009. Net income came in 21% higher at $451 million.Wireless data revenue growth came in at 39%, while cable total service units (cable + Internet + home phone) grew 25,000 more than the second quarter of 2009.The company’s media's portfolio (radio, TV, magazines) posted an 8% revenue increase which, combined with cost cutting...