The Guardian (Charlottetown)

Rogers revenue boosted by cable power


Canadian telecoms operator Rogers Communicat­ions Inc. trumped first-quarter revenue estimates on Wednesday, buoyed by strong demand in its cable unit that provides internet and cloudbased services.

Total revenue rose two per cent to $3.49 billion in the quarter, compared with analysts’ average estimate of $3.35 billion, according to IBES data from Refinitiv.

Telecom providers have benefited from a surge in demand for highspeed internet from the COVID-19 pandemic caused shift to remote working and entertainm­ent.

Revenue from the media segment, which includes television, radio broadcasti­ng and digital media, rose seven per cent to $440 million, boosted by the return of live profession­al sports broadcasti­ng.

Cable service revenue increased five per cent during the quarter.

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