Revenues, Net Profit up 3%, 24% at Rogers

Canadian quadruple-play operator Rogers Communications has reported that its consolidated revenues rose 3% year-on-year to CAD2.8 billion (USD2.6 billion) in the three months ended 30 June 2009, whilst operating profit climbed 4% to CAD1.0 billion and net income increased 24% to CAD374 million. Rogers’ mobile turnover grew by 6% year-on-year, driven by net post-paid subscriber additions of 148,000 during the quarter, a 38% rise in mobile data revenues (which accounted for 20% of wireless turnover), and gross quarterly activations of 315,000 3G smartphones, approximately half of which were new subscribers. Cable TV, internet, and fixed line home phone subscriber growth all continued to slow in the quarter, reflecting the worsening economic recession and unemployment levels in Ontario where 90% of Rogers’ Cable division business is concentrated, the company said. Rogers’ residential high speed internet customers stood at 1.578 million at end-June 2009, up from 1.534 million a year earlier, although down from 1.591 million in the previous quarter. Total mobile users rose by 8.7% year-on-year to 8.156 million.

Videotron reports results as it gears up for mobile launch

Videotron’s parent group Quebecor has reported the Quebec-based cableco’s operational and financial results for the second quarter of 2009, showing that revenues at its telecommunications division were up by CAD39.9 million (USD37.2 million) year-on-year at CAD487.4 million, whilst operating income at the unit stood at CAD232.7 million, up by 27.7% from CAD182.2 million in the same period of 2008. Regarding customer growth in the three months to the end of June, 43,900 cable telephone service users were added to reach a total of 934,818, whilst a net increase of 20,600 subscribers took Videotron’s cable internet access subscriber base to 1.078 million. Videotron has around 75,000 customers of its MVNO service, offered over Rogers Communications’ GSM network, and added 5,500 net new users to the service in Q2 2009. It is currently building its own 3.5G mobile network across Quebec, and has announced that it has formed tower-sharing agreements with Rogers and Bell Mobility in Quebec and in the Ottawa area, helping it stick to budget for the planned 1H 2010 launch. The cableco also has wireless roaming agreements in place with Rogers and T-Mobile USA.