Cable / Telecom News

Wireless, iPhone support Rogers’ Q3

TORONTO – The strength of the iPhone combined with growth in its wireless division plus helped power Rogers to a solid third quarter.Operating revenue for the quarter ended September 30 was up 2% to $3.03 billion from $2.98 billion a year ago, while overall operating profit was $1.15 billion, a 6% increase from $1.08-billion in 2008. Net income dipped from $495 million last year to $485 million."Our third quarter results represent a healthy balance of growth, cost control and margin expansion, and double-digit increases in cash flow generation and cash returns to shareholders" said president and CEO Nadir Mohamed, in...