Canadian telco Rogers reports 4% rise in revenue

www.WirelessFederation.com/news: Due to the growth in the mobile and cable operations, 4% increase from a year earlier to CAD 3.06 billion in the fourth quarter revenue has been reported by Canadian operator Rogers Communications. 14 percent increase to CAD 1.10 billion has also been recorded in operating profit.

As a result of cut in CAPEX, the free cash flow for the full year rose 29 percent to CAD 1.9 billion and 10% hike in the dividend to CAD 1.28 per share. A net 128,000 new customers in the quarter has been gained by Rogers Wireless, for a total 8.49 million, up from 7.94 million a year earlier.

Revenues rose 5 percent to CAD 1.73 billion, and operating profit was up 16 percent to CAD 744 million. The company also renewed its share buyback, for up to CAD 1.5 billion over the next year.