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Rogers Sales Take a Hit, With Roaming Fees Hurt by Lockdown


Rogers Slides as Sales, Roaming Fees Hurt by Lockdown
Bloomberg
1/28/2021
Ilya Banares
© Bloomberg
A Rogers Communications Inc. employee wears a virtual reality (VR) headset during a demonstration of 5G wireless network technology in Toronto, Ontario, Canada, on Monday, April 16, 2018. Chief Technology Officer Jorge Fernandes said that 5G networks probably won t to be ready for prime time until about 2020 while hardware and software is developed.
(Bloomberg) Rogers Communications Inc. shares fell after the company said fourth-quarter revenue fell nearly 7%, to C$3.7 billion ($2.9 billion), compared with a year earlier, narrowly missing average analyst expectations.
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Key InsightsThe Toronto-based company added 114,000 new postpaid wireless subscribers. Average revenue per user fell 9% to C$50.02. With stay-at-home orders in place and widespread vaccine availability months away, few people are traveling mean ....

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