TORONTO, April 21 (Reuters) – Canadian cable,
telecommunications and media company Rogers Communications Inc
reported a 13 percent drop in first-quarter profit on
Monday, as a move to more customer-friendly pricing led to a
slip in earnings at its major wireless phone arm.
The price changes didn’t help bring in new business,
however, with Rogers adding only 2,000 net postpaid wireless
subscribers in the quarter, a sharp miss on analysts’ forecasts
even amid external warnings that tough winter conditions may
have kept potential customers out of retail stores.