Asides

Rogers Q3 results: revenue up 7%, 370,000 smartphone devices activated

Rogers Wireless added over 167,000 new subscribers in Q3 2009 and activated over 370,000 smartphone devices, predominately iPhone 3G, BlackBerry & Android. This smartphone segment represent approximately 28% of the postpaid subscriber base (it was at 15% last year). Data revenue grew 46% and now makes up 23% of network revenue that being $1,645 billion. Average monthly revenue per user (ARPU) was $66.45.

Nadir Mohamed, President and Chief Executive Officer sais “Our third quarter results represent a healthy balance of growth, cost control and margin expansion, and double-digit increases in cash flow generation and cash returns to shareholders. We also further solidified our network leadership positions with the launch of our innovative HSPA+ 21 Mbps wireless data and 50Mbps DOCSIS 3 high speed Internet services, both the fastest available in our markets.”

“Importantly, the results of the quarter reflect record high growth in our wireless data revenues which contributed significantly to the strong double-digit adjusted operating profit growth and margin expansion at Wireless and which reflects the success of the investments we’ve made over the past several quarters bringing smartphones to market”.

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