Revenue, profit, soar at Rogers, but CEO troubled by regulation

TORONTO – The fourth quarter of 2006 was "one of the best quarters this company has ever had," Rogers Communications founder and CEO Ted Rogers said Thursday. Consolidated revenue grew 14.4% to $2.4 billion and consolidated operating profit jumped 46.3% to $752 million in the quarter ended December 31, 2006. On the subscriber side, wireless Postpaid ARPU (average revenue per unit/subscriber) increased 6.1% while postpaid churn fell to 1.24% in the quarter. Cable and telecom residential and business local telephony lines surpassed 920,500, and solid growth in cable and high-speed Internet subscribers continues. Despite the good news, Rogers cast a...