Cable & Telecom

Wireless gains power Q3 profits at Rogers

TORONTO – An influx of new wireless customers, the highest in the last eight years, helped to drive up third quarter profits at Rogers Communications by 112%, the company said Thursday.For the period ended September 30, 2017, net income of $467 million was more than double the $220 million posted in the same period last year.  Adjusted net income increased 22% from $427 million to $523 million, primarily due to higher adjusted operating profit and lower depreciation and amortization. Revenue of $3.58 billion increased 3% this quarter from $3.49 billion year-over-year, largely driven by Wireless service growth of 7%.  Wireless service revenue...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.