Rogers' cable revenue rises 4% in Q2 '10

Tuesday, July 27, 2010

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Rogers posted a 5% gain in revenue, to $3.03 billion, and an 11% gain in operating profit, to $1.2 billion, in Q2 '10 results released today.

The company's cable division posted 4% increases in revenue and operating profit to $790 million and $343 million, respectively

Basic additions were flat, compared to a loss of 19,000 a year ago. Digital additions rose slightly, from 8,000 to 11,000.

The company turned its HSD additions around, from a loss of 4,000 a year ago to a gain of 7,000 in Q2 '10. Voice additions fell from 21,000 to 16,000. Circuit switched losses fell from 27,000 to 11,000.

In total, RGU's rose by 23,000, versus a loss of 2,000 a year ago.

Wireless revenue rose 5% to $1.7 billion, while operating profit rose 10% to $815 million.

Postpaid net additions rose by 98,000, versus 148,000 a year ago.

ARPU rose slightly, from $73.24 to $73.54. Churn also rose slightly, from 1% to 1.06%.

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