Rogers Q2 2014 Hits 8.11 Million Postpaid Subscribers, Profits Drop 24%
Rogers has today reported its second quarter earnings, with operating revenue remaining unchanged in comparison to the same period a year ago, though profits are down 24% (from $532) to $405 million.
On the wireless side, Rogers added 38,000 postpaid subscribers the past quarter, down roughly 60% from the 98,000 reported for the same period in 2013. The carrier activated and upgraded about 588,000 smartphones for new and existing subscribers during the past three months, consistent with the approximately 678,000 in the same period a year prior.
Currently smartphone users account for 76% of Rogers’ postpaid subscriber base, up from 72% in the second quarter last year. This has however, pushed data revenue higher-with 12% this quarter. In fact, data revenue exceeded voice revenue and represented about 51% of total network revenue for this past quarter, compared to 46% in the same period in 2013.
Rogers surpassed the 8 million mark for postpaid subscribers, now numbering 8,114,000, while the prepaid subscriber base dropped to 1,325 million. The monthly average revenue per user (ARPU) for postpaid subscribers was $66.40, while for prepaid subscribers this dropped to $15.40, compared to $67.36 and $15.79 respectively reported for Q2 2013,.
The wireless player says it deployed 700 MHz spectrum in select Vancouver, Calgary, Montreal and Toronto communities, and over the next three years it plans to enhance its LTE network with 700 MHz spectrum, facilitated by $450 million planned network investment.