Rogers passes seven million wireless subs

TORONTO – Rogers Communications’ third quarter results released this morning show strong results right across the board. Consolidated revenue grew 13% to $2.6 billion, operating profit increased 23% to $984 million, and net income ballooned 75% to $269 million. On the wireless side, subscribers now number more than seven million with net additions up 20% year-over-year (195,100 vs. 171,200 in Q3 ’06), while wireless postpaid ARPU grew 7% to $75.15 (driven by a 53% growth in data revenue to $183 million) and postpaid churn fell to 1.12%. Data revenue now represents 13.6% of network revenue with monthly data ARPU in...