Cable / Telecom News

Wireless growth, “good momentum” lifts Q4 profits at Rogers; revenue up 6%

CEO Natale says 2018 yielded “terrific results”TORONTO – Rogers credited growth in its wireless division – including 112,000 net additions - for gains in revenue and profits for the fourth quarter of 2018.On Thursday, Rogers posted profit of $502 million for the quarter ended December 31, 2018, a 1% lift from the same period last year, while adjusted net income jumped 11% to $585 million as a result of higher adjusted EBITDA, partially offset by higher depreciation and amortization.Total revenue increased 6% to $3.94 billion, largely driven by Wireless service revenue growth of 5%, which Rogers said came as a...