Rogers Q1 revenue grows to $2 billion

TORONTO – Rogers Communications Inc. reported strong first quarter 2006 results, posting revenues of $2.0 billion, up 28.4% from the previous quarter. Operating revenue rose in all three units, increasing 53.2% at Rogers Cable (which includes cable, Internet, and VoIP), 20.1% at Rogers Wireless, and 9.5% at Rogers Media. RCI’s operating profit rose 25.5% (year over year) to nearly $600 million for the three months ended Mar. 31, 2006. Its subscriber base continued net growth that quarter, adding 89,600 wireless voice and data subscribers, 48,700 cable telephony subscribers, 11,400 circuit-switched telephony customers, 50,000 digital cable subscribers, and 40,300 residential high-speed...