Correspondent, Toronto, Canada
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Apr 23, 2014
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Apr 21, 2014

Canada’s Rogers Communications profit slips on wireless weakness

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.

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    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      English, Arabic
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