Rogers Releases 2008 Subscription Numbers

rogersRogers Communications has announced new subscription numbers for 2008. The company said there were 199,000 new subscribers in Q4 of 2008 in its mobile division. The company cited strong iPhone sales, which helped boost subscription numbers in 2008. About 130,000 iPhone 3G phones were sold in Q4 08 alone, the company said 40% of the 130,000 were new subscriptions. Other Rogers divisions did fairly well. The Rogers basic cable TV division added only 4,000 new subscribers, down from 20,000 in the same quarter last year. Digital cable subscriptions were up 61,000 in Q4 08. The Rogers Home phone subscriptions were up by 40,000, down from 65,000 new subscriptions in Q4 2007. Rogers continues to hold its monopoly on the mobile GSM networks in Canada.

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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected]
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