Rogers Communications Inc. (NYSE:RCI) on Tuesday reported a sharp rise in first-quarter profit and higher revenue as it boasted a surprisingly large jump in new wireless customers.
By BNN.ca
Rogers, Canada’s largest cable, telecommunications and media company by market share, reported that:
- adding 30,000 landline internet
- adding 2,000 landline phone accounts, but
- losing 24,000 television subscribers.
RBC analyst Drew McReynolds wrote in a note, referring to earnings before interest, tax, depreciation and amortization:
“We believe strong Q1/17 results should meet what are rising expectations driven by better-than-expected wireless postpaid and Internet subscriber growth and renewed wireless EBITDA growth.
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