Rogers Touts It Contributed $14 Billion to the Canadian Economy in 2018
Rogers has announced today its investments in 2018 contributed $14 billion to the Canadian economy, and employed 26,000 Canadians.
Here are the numbers Rogers is sharing today:
$14 billion contributed to our economy
$2.8 billion invested in capital expenditures
$2.0 billion paid in salary and benefits to employees
$1.1 billion paid in taxes and government fees
$988 million returned to shareholders in the form of dividends
$679 million invested in Canadian content and programming
$160 million invested in our pension plans
$60 million contributed to local communities
$43 million invested in developing our employees
26,000 Canadians employed with high-technology positions
“Investment in our country’s infrastructure is essential to our nation’s competitive advantage on the world stage,” said Joe Natale, President and Chief Executive Officer, in an issued statement. “As a Canadian-owned company, we are proud to invest meaningfully to make our country stronger and more successful.”
The company also made a point to reiterate its next-generation 5G network partner is Swedish company Ericsson, “the North American 5G partner of choice.”
Bell previously worked with Nokia for 5G but along with Telus, they are partnering with controversial Chinese company Huawei for 5G.
Rogers Q4 Earnings Report: 112,000 Wireless Subscribers Added
The numbers from Rogers come on the heels of their fourth quarter earnings report, which saw revenue of $3.94 billion, while its wireless operations added 112,000 net subscribers with revenue increasing 8%.
Rogers now has 10.8 million wireless subscribers, with average monthly revenue per wireless user at $65.12, an increase from $63.46 year-on-year.
The company also raised its dividend for investors for the first time in four years, up 2 cents to 50 cents per share, after better than expected net profit, at $502 million for the quarter.
Improved Wireless Service on Vancouver Island
In related news, Rogers also announced today wireless service in Sproat Lake near Port Alberni on Vancouver Island has been enhanced, thanks to the addition of a new cell tower.