Cable / Telecom News

Wireless gains offset cable losses at Rogers as Q2 profits leap 35%


New president and CEO Natale “extremely excited” about company’s futureTORONTO – A surge in new wireless customers buoyed second quarter profits and revenues at Rogers Communications, the company announced Thursday.For the period ended June 30, 2017, net income of $531 million jumped 35% from $394 million in the same period last year, while adjusted net income increased 20% from $427 million to $514 million year-over-year as a result of higher adjusted operating profit and lower depreciation and amortization, combined with a gain on disposition of certain real estate assets.Revenue increased 4% this quarter to $3.59 billion from $3.45 billion year-over-year, largely...