Rogers 2q09 info

Monday, 10 August 2009

Rogers Communications Inc. has announced its consolidated financial and operating results for the three months ended June 30, 2009.When compared to the same three months in 2009, Rogers reported its overall operating revenues rose 3% to $2.8 billion, operating profit rose 4% to $1.0 billion and net income climbed 24% to $374 million.

The wireless division, which constitutes more than 55% of Rogers revenues saw network revenue grow by 6% year-over-year driven by postpaid net subscriber additions of 148,000 and data revenue growth which climbed 38% and now constitutes 20% of network revenue. A big reason for the increase in revenues was the activation of more than 315,000 smartphones, predominantly iPhone 3G, BlackBerry and Android devices, during the quarter. The company says about half of these activations were to subscribers were new to Rogers Wireless with the other half being to existing Wireless subscribers who upgraded devices.Basic cable, digital cable, Internet, and home phone service subscriber growth all continued to slow from the previous year reflecting the worsening economic recession and unemployment levels in Ontario where 90% of Cable's market is concentrated. Rogers says increasing levels of product maturity have also contributed to slowing subscriber growth with cable Internet subscriber penetration at 69% of basic cable customers, digital penetration at 70% of basic cable households, and residential voice-over-cable telephony penetration at 38% of basic cable subscribers.The following are Rogers’s cable, internet and telephony subscriber counts as of June 30th, 2009. (Numbers in parentheses were previously reported subscriber counts for Dec 31st, 2008).

Wireless

• Wireless PostPaid - 6,702,000 (6,451,000)
• Wireless PrePaid - 1,454,000 (1,491,000)
• Total Wireless - 8,156,000 (7,942,000)

Cable

• Homes Passed - 3,577,000 (3,547,000)
• Basic cable - 2,292,000 (2,320,000)
• Digital Cable - 1,593,000 (1,550,000)
• HDTV Subscribers - 644,000 (568,000)
• High Speed Internet - 1,578,000 (1,582,000)
• Digital phone lines - 878,000 (840,000)
• Circuit-switched subscriber lines - 165,000 (215,000)
• Total Landline phones - 1,043,000 (1,055,000)
• Cable Revenue Generating Units (RGUs) - 6,341,000 (6,292,000)