Rogers Q2 2010 results show subscriber additions of 119,000 (down over 16%)

Rogers has reported their Q2 2010 results and revenue topped $1.7 billion and that data revenue increased by 39% and to make up for 27% of their total revenue. Net subscriber additions were 119,000 (down from 142,000 last year) but the reason for the decrease is “a combination of an increased level of competitive intensity, a significantly higher than usual market share of subscriber additions by Wireless in the prior year period, and a slowing of consumer iPhone purchases in advance of the availability of the new iPhone 4 during the third quarter of 2010.” In addition, Rogers also said they activated and upgraded about “385,000 smartphone devices, predominately iPhone, BlackBerry and Android devices”

Nadir Mohamed, President and CEO of Rogers said “Our results for the second quarter of 2010 demonstrate continued revenue and subscriber growth combined with healthy operating leverage resulting from efficiency gains across the business”.

Check it here at Rogers

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