More Canadians Choose Rogers Wireless and Internet
Continued Growth and Innovation
More Canadians are choosing Rogers Wireless and Internet services than any other carrier in Canada. In the third quarter, Rogers saw combined mobile phone and Internet net additions of 227,000, bringing the year-to-date total to 502,000. Postpaid mobile phone net additions reached 101,000, with prepaid net additions at 93,000. Additionally, retail Internet net additions reached 33,000.
Industry Leadership and Financial Performance
Rogers has added an impressive 1.9 million mobile phone and Internet net additions over the past 11 quarters. This growth is attributed to disciplined loading, strong execution, efficiency gains, industry-leading financial performance, and industry-best margins. Wireless service revenue saw a 2% increase, with adjusted EBITDA increasing by 5%. Margins also improved, reaching 66%.
Network Achievements and Future Outlook
Rogers continues to lead in network performance, being awarded Canada’s fastest and most reliable Internet and the most reliable 5G network. The company also delivered groundbreaking DOCSIS 4.0 modem technology with impressive download and upload speeds. A recent transaction with a leading global financial investor will reduce leverage and further strengthen Rogers’ balance sheet. The company reaffirms its 2024 outlook, expecting total service revenue growth of 8% to 10%.
Impact on Individuals
For individuals in Canada, choosing Rogers Wireless and Internet services means access to fast and reliable connections. Customers can benefit from innovative technologies and industry-leading network performance, ensuring a seamless digital experience.
Global Implications
Rogers’ continued growth and innovation in the telecommunications sector have broader implications on the global stage. The company’s achievements in network technology and financial performance set a precedent for industry standards worldwide, driving competition and innovation in the telecommunications sector.
Conclusion
In conclusion, Rogers’ success in attracting more customers, delivering industry-leading network performance, and strengthening its financial position showcases the company’s commitment to innovation and excellence. As more Canadians choose Rogers for their wireless and Internet needs, the company’s impact is not only felt locally but also on a global scale, shaping the future of telecommunications.
