Rogers’ revenue inches up 1%, although cable declines 1%

24 Oct 2014

Canadian quadruple-play operator Rogers Communications’ consolidated revenue increased 1% in the third quarter of 2014 to CAD3.252 billion (USD2.896 billion), reflecting revenue growth of 2% year-on-year in mobile operations and 3% in Business Solutions, while revenue in the group’s Media division was steady, and was partially offset by a decline of 1% in cable operations (TV, broadband and fixed telephony). Mobile revenue was boosted by higher equipment sales and moderate growth in service revenue, but cable revenue decreased as a result of TV subscriber losses over the past year, partially offset by continued internet revenue growth and the impact of pricing changes. Supporting its ongoing wireless sales growth, Rogers activated a gross total of 614,000 smartphones on its network in the three months to the end of September 2014, of which 31% were new subscribers, and reported that smartphone customers now represent 77% of all its post-paid wireless subscribers. In 4G LTE developments, Rogers reported that in Q3 it deployed its recently acquired 700MHz spectrum to expand and upgrade mobile broadband services in rural and urban communities in the provinces of Ontario, British Columbia, Alberta, Quebec and New Brunswick (having initially switched on commercial 700MHz frequencies in selected Ontario, British Columbia and Alberta locations).

Canada, Rogers Communications