Rogers sees revenue increase in Q2
Rogers reported a revenue growth of 11 percent, to $2.8 billion, and a reversal from a $56 million loss in the second quarter of 2007, to a $301 million profit, in the second quarter of 2008.
Rogers Cable ended the quarter with 745,000 residential VoIP subscriber lines, a net addition of 41,000 lines for the quarter, of which approximately 13,000 were migrations from the circuit-switched platform.
Its Internet subscriber base grew by 13,000, to 1.5 million, and digital cable households increased by 23,000, to reach 1.4 million.
During the quarter, the company increased the download speeds for its Internet access services and also implemented monthly usage allowances and monitoring tools, while usage-based billing on a per-gigabyte basis for very heavy usage customers was phased in.
Rogers reported that its high-definition (HD) subscriber number was up 59 percent from a year ago, to 455,000, while the number of quarterly purchases of Rogers on-demand product from the second quarter of 2007 to the second quarter of 2008 increased by approximately 20 percent.
Wireless subscriber monthly churn was reduced to 1.06 percent, from 1.15 percent in the second quarter of 2007, while ARPU increased 4 percent year-over-year, to $75.48, driven in part by the 34 percent growth in data revenue, to $224 million.
More Broadband Briefs:
• Broadband Briefs for 7/29/08