Rogers Rules The Canadian Market
Rogers Communications

The popular Apple iPhone has helped increase the revenue and the profile of the wireless  industry. Rogers Communications is a leading provider of Wireless, Digital Cable TV, High Speed Internet and Home Phone reported a good three month period for the cable, Internet, wireless and media company.  

Operating revenue at the media corporation edged up 2 per cent to $3.03 billion from $2.98 billion a year ago, which is a high of 7 per cent revenue growth in both wireless and cable divisions.   The net income of the company was $485 million (79 cents a share) in the third quarter, as compared to $495 million ( 78 cents a share) in the corresponding period of 2008. While, the wireless division earned $846 million from $693 million a year ago, the cable division showed a three per cent increase which rose to $329 million from $318 million a year ago.  

"Our third quarter results represent a healthy balance of growth, cost control and margin expansion", said Nadir Mohamed, the chief executive of Rogers. "The results of the quarter reflect record high growth in our wireless data revenues which reflects the success of the investments we've made over the past several quarters brining smart phones to market”, he added. 

The company managed to sell more than 370,000 smart phone devices, which included iPhone, BlackBerry and Android devices.

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