financetom
Technology
financetom
/
Technology
/
Rogers' fourth-quarter subscription additions misses estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rogers' fourth-quarter subscription additions misses estimates
Jan 30, 2025 4:39 AM

Jan 30 (Reuters) - Canada's Rogers Communications ( RCIAF )

said on Thursday it added fewer-than-expected

quarterly wireless subscriptions, amid an intense pricing war

between rivals and lower immigrations.

The company added 69,000 monthly bill-paying wireless phone

subscribers in the fourth quarter, compared with estimates of

72,380, according to analysts polled by Visible Alpha.

Amid intense competition in Canada's wireless industry, BCE

and Telus ( TU ) lowered prices for wireless and

wireline broadband to put pressure on Rogers and Quebecor ( QBCAF )

, which has led to a price war.

Canada is also undergoing a notable shift in policy,

welcoming less immigrants and students in the country than it

historically has. This is expected to impact demand for the

country's carriers, which have relied on newcomers to expand its

customer base.

The company reported net income of C$558 million ($387.07

million) for the quarter ended Dec. 31, compared with C$328

million ($227.52 million), a year ago.

($1 = 1.4416 Canadian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
9 Analysts Have This To Say About SMART Glb Hldgs
9 Analysts Have This To Say About SMART Glb Hldgs
Jul 17, 2024
Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on SMART Glb Hldgs in the last three months. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings...
Mexico's America Movil says Chile venture to be fully capitalized by end of 2024
Mexico's America Movil says Chile venture to be fully capitalized by end of 2024
Jul 17, 2024
MEXICO CITY, July 17 (Reuters) - Mexican telecommunications giant America Movil's Chilean venture ClaroVTR will be fully capitalized by the end of the year, America Movil CFO Carlos Garcia Moreno said in an earnings call on Wednesday. In June, America Movil acquired a dominant stake in cable and mobile phone operator ClaroVTR, which had been shared equally with Liberty Latin...
Nasdaq Composite Sinks Almost 500 Points as Trade Restrictions Talk, Trump Remark on Taiwan Hit Technology Investors
Nasdaq Composite Sinks Almost 500 Points as Trade Restrictions Talk, Trump Remark on Taiwan Hit Technology Investors
Jul 17, 2024
12:40 PM EDT, 07/17/2024 (MT Newswires) -- US equity indexes traded mixed after midday on Wednesday as a sell-off in semiconductor names pushed the Nasdaq Composite and S&P 500 lower, bringing geopolitical risk to the fore. The Nasdaq Composite slumped 2.7% to 18,010.1, while the Dow Jones Industrial Average rose 0.5% to 41,148.2. The S&P 500 dropped 1.3% to 5,591.5....
EU antitrust regulators want to know if Google and Samsung's chatbot deal hinders rivals
EU antitrust regulators want to know if Google and Samsung's chatbot deal hinders rivals
Jul 17, 2024
BRUSSELS (Reuters) - EU antitrust regulators are asking industry participants if Google's multi-year generative artificial intelligence (AI) deal with Samsung hinders rival chatbots on Samsung smartphones, according to an EU document seen by Reuters. The European Commission last month said it would send requests for information to better understand the effects of the deal which would see Samsung embed Google's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved