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Rogers defends higher cellphone rates; misses forecasts despite bigger profits
2016-01-27 23:49:29| Wireless - Topix.net
Rogers CEO Guy Laurence on Wednesday defended the communications giant's decision to raise cellphone rates despite higher revenue and profits, saying it was necessary to cover the high cost of building and maintaining mobile networks. Laurence said that fourth-quarter competition in the wireless sector was the most intense in Canadian history as it competed hard against BCE Inc. and Telus Corp. for the first wave of customers who signed two-year contracts following a 2013 CRTC decision limiting cancellation fees.
Tags: rates
higher
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Jays help Rogers Q4 revenue, but finally tally below estimates
2016-01-27 16:28:42| Telecom - Topix.net
A playoff run by the Toronto Blue Jays helped boost revenue for Rogers in the fourth quarter, but that was offset by continued soft ad sales for conventional TV and print publications, the company said Wednesday. Rogers Communications Inc., one of Canada's largest telecom, internet and media companies, also saw an 8% increase in operating expenses.
Tags: finally
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Rogers Communications Q4 earnings less than expected
2016-01-27 16:28:41| Telecom - Topix.net
Rogers Communications Inc., Canada's largest wireless operator, reported fourth-quarter earnings that missed analysts' estimates as increased competition for subscribers led to higher advertising and promotions costs. Profit excluding certain items was 64 cents a share, the Toronto-based company said Wednesday in a statement.
Tags: than
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Rogers TV subscribers down 24,000 in 4Q 2015
2016-01-27 13:30:27| Digital TV News
Rogers Communications (TSX: RCI.A; RCI.B and NYSE: RCI) has announced results for the fourth quarter ended December 31, 2015. Cable television subscribers declined by 24,000 in the quarter, and 128,000 year-on-year.
Tags: subscribers
rogers
Rogers Media to cut workforce 4%: 200 TV, radio, publishing and admin jobs
2016-01-25 20:01:58| Telecom - Topix.net
Rogers Media has told employees that the company's workforce will be reduced by four per cent, affecting 200 jobs in television, radio, publishing and administration. The Toronto-based company says the cuts are part of efficiency efforts at Rogers Communications , one of Canada's largest telecom companies.
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