“Rogers Communications Inc. posted an 84 percent spike in quarterly profit on robust sales of Apple’s iPhone, but it lowered the full-year outlook for its wireless unit to reflect higher costs of activating new customers,” Wojtek Dabrowski and Scott Anderson report for Reuters.
“Third-quarter profit rose to C$495 million, or 78 Canadian cents per share, from C$269 million, or 42 Canadian cents, in the same period a year earlier,” Dabrowski and Anderson report. “Total revenue climbed to C$2.98 billion, up from C$2.61 billion.”
“Rogers said it added 191,000 post-paid wireless subscribers in the quarter. Post-paid users are those who pay monthly bills and often sign up for multiyear contracts. They are considered more lucrative than prepaid subscribers, who pay for a predetermined amount of service,” Dabrowski and Anderson report.
“The company also said it activated about 255,000 iPhones during the quarter, with about one-third of the activations being new subscribers,” Dabrowski and Anderson report. “‘The number of activations … is simply phenomenal,’ Nadir Mohamed, the company’s chief operating officer, told analysts.”
Full article here.
[Thanks to MacDailyNews Reader “Opportun” for the heads up.]