Rogers reports 1Q profit hike; announces iPhone coup

30 Apr 2008

Rogers Communications has announced that its first quarter net profit more than doubled year-on-year from CAD170 million (USD168 million) to CAD344 million, on revenues that rose 14% to CAD2.61 billion. GSM mobile turnover in the three months ended 31 March 2008 climbed 16% year-on-year to CAD1.43 billion, with operating income up 21% to CAD705 million, and mobile data service revenues up 47%. Rogers added 68,000 net new mobile subscribers in the quarter (broken down into 97,000 new contract users and a 29,000 reduction in pre-paid customers) to take its total to 7.406 million (81% post-paid), whilst it gained 41,000 cable modem broadband internet users in the period for a total of 1.51 million.

Rogers also announced it had struck a deal with Apple to launch the iPhone in Canada, although it said further details would be revealed later this year.

Canada, Rogers Communications