Rogers in the black
Rogers Communications Inc. says its revenue is up 29%, its profits are up 27% and it made $565,000 last quarter, which ended June 30. The Toronto-based communication service provider announced its Q2 2005 results late last month, claiming low churn among post-paid wireless phone subscribers, an increasing number of digital cable subscribers and more Internet service subscribers, as well as new local phone service subscribers, courtesy of Rogers having purchased Call-Net Enterprises Inc. and the associated Sprint Canada customer base. All of the above helped the company boost its bottom line. Rogers noted that work surrounding its acquisition of Microcell Telecommunications Inc. and that company’s Fido wireless phone service continues as the formerly stand-alone firms Rogers and Microcell aim to further integrate their networks. Rogers also pointed out that it’s been 10 years since it introduced high-speed Internet access services via cable, and now the company has more than 1 million broadband subscribers, making it one of the top high-speed Web service providers in the country.