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Rogers Seeks to Offset Hit From CRTC Fee Ban as Wireless Service Revenue Dips in Q3
Rogers said mobile average revenue per user fell 2.6% to $55.22 as competition and the CRTC fee ban cut wireless income.
- On Friday, Rogers Communications Inc. reported a 1% drop in wireless service revenue for its third quarter, attributing the decline to a CRTC decision prohibiting telecoms from charging customer activation and modification fees.
- The Canadian Radio-television and Telecommunications Commission implemented the ban in June, though the regulator is currently reviewing whether Rogers, Bell Canada, and Telus Corp. violated the rules by introducing replacement fees.
- Revenue totaled $5.44 billion for the quarter, though mobile phone average revenue per user declined 2.6% to $55.22, as Chief Financial Officer Glenn Brandt cited the fee prohibition's 'largest impact' on wireless financials.
- Brandt told analysts Friday the company is now 'moving back to finding alternatives' for covering those costs, acknowledging that while early initiatives were implemented during the quarter, 'there's still more work to do.'
- CEO Tony Staffieri reiterated plans to sell a minority interest in the company's consolidated sports, media, and entertainment portfolio by early 2027, expressing he remains 'bullish about our plan to unlock shareholder value.
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Rogers seeks to offset hit from CRTC fee ban as wireless service revenue dips in Q3
TORONTO — Rogers Communications Inc. says it is seeking to offset the hit it has taken from the CRTC’s recent ban on telecommunications carriers charging certain administrative fees. While Rogers reported a year-over-year increase in overall revenue du...
·Prince George, Canada
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Rogers Communications seeks to offset the negative impact of the recent ban imposed by the Canadian Radio-television and Telecommunications Commission (CRTC), which prevents telecommunications operators from charging certain administrative fees.
·Montreal, Canada
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Total News Sources14
Leaning Left5Leaning Right1Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 42%
C 50%
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