Cable / Telecom News

Rogers Q2 earnings up 24%

TORONTO – Sales of the Apple iPhone helped to boost Rogers’ second quarter earnings by 24%.Net income for the quarter ended June 30, 2009, rose to $347 million, compared to $301 million in the same period last year, while consolidated revenue grew 3% to reach $2.9 billion.The wireless division added 148,000 new monthly customers, up by 6% from last year, and activated more than 315,000 smart phone devices during the quarter, predominantly iPhone 3G, BlackBerry and Android devices.Basic cable, digital cable, Internet, and home phone service subscriber growth all continued to slow from the previous year, which the company said...