Rogers Communications has announced a partnership with Elon Musk\u0027s SpaceX to bring satellite\u002Dto\u002Dphone coverage across Canada. Read more.
The company reported an increase to $511 million in net income for the three-month period ended March 31, 2022, up from $392 million in the same quarter a year ago. Adjusted net income was also up by 20 per cent, it said.
“We successfully completed the Shaw merger and we look forward to delivering on our commitments and to delivering more value to customers and shareholders,” Staffieri told investors during the earnings call. The company added 95,000 net postpaid mobile phone subscribers, up 44 per cent from 66,000 last year, with a churn of 0.79 per cent. It said this increase in postpaid additions resulted from strong operating performance, an increase in market activity by Canadians and increasing immigration levels.
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Rogers profit surged 30% in 1st quarter before taking control of Shaw - National | Globalnews.caRogers Communications Inc. saw its profit increase by 30 per cent to $511 million in its most recent quarter as it prepared to close a deal to buy Shaw Communications Inc.
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