Cable / Telecom News

Rogers reports “balanced” quarter

TORONTO – Profits at Rogers rose 29% in the third quarter, ended September 30, while net income was $491 million, up from $380 million in the same period last year. Operating revenue increased to $3.15 billion from $3.11 billion. Wireless data revenue growth grew by 28% and net post-paid subscriber additions totalled 74,000, helping drive wireless data revenue to comprise 36% of wireless network revenue. During the quarter, the company activated and upgraded 609,000 additional smart phones, of which approximately 42% were for new subscribers, compared to 529,000 in the prior year quarter.  Smart phone subscribers, who typically generate ARPU nearly twice...