Cable / Telecom News

Rogers faces challenges, despite expected “strong” results coming Tuesday

TORONTO – While Rogers Communications’ Q2 2010 financial results are expected to be pretty good when they are released on Tuesday, at least one industry analyst is expecting to see some competitive impact on the wireless side.Canaccord Genuity analyst Dvai Ghose told investors last week he expects RCI will report consolidated revenue of $3.026 billion or 4.7% year-over-year growth. He pins his adjusted EBITDA estimate at $1.172 billion, “slightly above consensus of $1.163 billion,” meaning a solid YOY increase of 8.2%.However, strong wireless margins are due to weak subscriber growth. “We only expect 90,000 Q2/10 wireless net additions, compared with...