Rogers reports second quarter results

Rogers Communications has posted revenues for the second quarter of CAD3.11 billion (USD3.05 billion), largely flat year-on-year, while net income for the period slipped by 2% to CAD400 million. Sales from the company’s wireless division were virtually unchanged year-on-year at CAD1.76 billion, although within that segment data revenue rose 13% on the back of smartphone and tablet growth. Rogers said it activated 629,000 smartphones during the quarter compared to about 591,000 activations in the same period last year. Data now represents 39% of the company’s wireless revenue. Meanwhile, the company said that its cable operations face ‘extremely deep discounts’ from rival satellite and internet TV offerings, while newcomers to the wireless market have driven down prices in the lower tier of its wireless business.