Revenue up, profits dip as Rogers continues push to value, concentrates on ARPA

TORONTO – Rogers Communications saw overall revenue improve in the first quarter by 5% to $3.175 billion while cable, wireless and media expenditures drove down profits."We continued to see steady revenue growth this quarter along with strong growth in Wireless ARPA," said Guy Laurence, president and CEI, in the press release. "We made planned strategic investments to retain high-value customers ahead of the conclusion of the industry-wide shift to two-year contracts this summer - our underlying adjusted operating profit growth was otherwise solid. At the same time, we moved full steam ahead with our Rogers 3.0 program by delivering a...