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Rogers’ 3Q operating results boosted by iPhone 3G

29 Oct 2008

Canadian cable, mobile and fixed line provider Rogers Communications has reported that its consolidated revenue grew by 14% year-on-year in the third quarter to CAD2.98 billion (USD2.31 billion), and net income increased by 84% in the same period to CAD495 million. In the three months to the end of September, Rogers achieved net mobile subscriber additions of 239,000, including 191,000 post-paid users, and reported continued growth in monthly ARPU, driven in part by a 38% increase in data revenues, which accounted for 16.5% of wireless network turnover. Total mobile users reached 7.744 million at the end of the three months, including 6.293 million post-paid and 1.451 million pre-paid. Rogers launched the Apple iPhone 3G on 11 July and activated 255,000 of the devices during the quarter, approximately one-third of which were new subscribers. The Cable division’s broadband internet subscriber base grew by 29,000 during the quarter to reach 1.6 million, whilst the operator ended September with 800,000 residential voice-over-cable telephony lines in service, after net additions of 55,000 lines, of which 23,000 were migrations from its circuit-switched platform. This brought Rogers penetration of cable telephony customers to 35% of its basic cable TV user base, up from 26% at the end of September 2007.

Rogers participated in Canada’s 3G advanced wireless spectrum (AWS) auction which concluded on 21 July, and acquired 20MHz of additional frequencies across all 13 provinces and territories, with winning bids totaling approximately CAD1 billion. Final payment was submitted on 3 September.

Canada, Rogers Communications

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