Q3 net income falls $25 million at Rogers; but wireless shows strength

TORONTO - Rogers Communications reported a third quarter net profit of $466 million down from $491 million reported from the previous year. Revenues for the three-month period ended September 30, 2012 increased about 1% to $3.17 billion, up from $3.13 billion a year earlier. It added 76,000 postpaid net wireless subscribers and says smartphone subscribers now represent 65% of its wireless base, up 13%. “Our top line and operating profit growth in the third quarter was highlighted by strong postpaid wireless smartphone sales and accelerated wireless data revenue growth, as well as strong margins in both our wireless and cable...