Rogers’ revenues up 16%

1 Aug 2007

Rogers Communications has announced its consolidated financial and operating results for the three months ended 30 June 2007. Consolidated second quarter operating revenues grew by 16% year-on-year to CAD2.53 billion (USD2.38 billion), whilst the company posted a net loss of CAD56 million, compared to a profit of CAD279 million in the corresponding period of 2006, although adjusted consolidated operating profit increased by 20% year-on-year to CAD898 million. Rogers ended the quarter with 509,300 residential voice-over-cable telephony subscriber lines, with net additions of 68,800 lines, of which 13,500 were migrations from its circuit-switched platform. The combined number of business and residential local telephony lines on both the cable and circuit-switched networks stood at 1.089 million at the end of June. Digital cable households increased by 33,500 in the seasonally slow second quarter to reach a total of 1.237 million, while residential high speed internet subscribers grew by 21,100 to 1.364 million, and basic cable subscribers declined by 11,700 to 2.266 million. Quarterly post-paid mobile net additions were 133,000, up from 130,000 in 2Q06, with a net increase of 5,400 pre-paid wireless subscribers in the three months, compared to a loss of 15,900 users a year before. Rogers’ total wireless customer base reached 6.912 million at the end of the quarter. Post-paid monthly ARPU increased 8% year-on-year to CAD72.65, driven in part by a 51% hike in data revenues.

Canada, Rogers Communications