Rogers reveals solid third quarter

2 Nov 2007

Rogers Communications has posted a 13% year-on-year rise in third quarter operating revenue to CAD2.6 billion (USD2.7 billion), while operating profit climbed 26% to CAD986 million. The solid results come on the back of strong subscriber growth: in the three months ended 30 September 2007 the company added 200,000 users to its post-paid subscriber base; gained 81,200 cable telephony customers to take the total to 590,500; and increased the number of internet subscribers by 55,000 to 1.42 million. Despite the growth, CEO Ted Rogers said his company isn’t looking for any major acquisitions in the country, nor are there any plans to expand overseas. ‘We want to finish the job here in Canada, we want to finish the job of fixing up what we have and maximizing our strength,’ he said. ‘We’re over our heads in work to improve what we have.’

Canada, Rogers Communications