Rogers just announced their Q1 2011 Financial and Operating results and they brought in 45,000 new postpaid subscribers but lost 10,000 prepaid subs when compared to the same quarter last year. This brings their total wireless subscriber base to 9,012,000 (now 7,370,000 postpaid and 1,642,000 prepaid). Other numbers revealed that Rogers “activated and upgraded 534,000 additional smartphones” and data revenue increased by 30% to hit $542 million now making up approximately 34% of total network revenue. Total wireless revenue increased 3% over last year to $1.544b and ARPU (average revenue per user) fell 2.7% to $59.91 and Rogers says the “decreases are primarily due to the creation of voice and data roaming value plans for frequent travelers over the past year and general competitive intensity.”
Nadir Mohamed, President and Chief Executive Officer of Rogers Communications stated in a release that “The first quarter results represent a healthy start to 2011 for Rogers. We’ve maintained solid top line growth rates as a result of continued investments in our customer relationships, networks and products supported by a sharp focus on wireless data and subscriber retention initiatives. While at the same time, our successful focus on managing costs has enabled continued strong margins and the generation of substantial free cash flow.”
Source: CNW
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