Rogers’ quarterly performance boosted by wireless, VoIP subscriber gains

2 Aug 2006

Solid growth in wireless and VoIP services pushed up quarterly revenues and profits at Rogers Communications, the Toronto-based telco reported in a statement. Rogers’ second quarter revenues jumped 20% year-on-year to CAD2.24 billion (USD1.98 billion) while operating profit increased 31% to CAD742 million; net profit was USD185 million. Revenues were up 19.4% at Rogers Wireless, and rose 57.3% at the company’s cable and fixed line division. Rogers Wireless added 130,000 new mobile users in the three months to the end of June, taking its total to 6.347 million, whilst Rogers reported it had 164,700 residential voice-over-cable subscribers at the end of the quarter, having added 68,000 subscribers during the three months. It now has 734,500 home and business subscribers on both its cable and circuit-switched telephone systems. It added 21,600 new high speed internet users in 2Q, taking its total broadband customer base to 1.198 million.

Canada, Rogers Communications