According to the company’s latest earnings report, Rogers’ wireless division saw revenue growth of 8.5% year-over-year, reaching $2.15 billion in the second quarter of 2023. This impressive growth was driven by the expansion of the company’s network infrastructure and the increasing demand for wireless services among Canadians.
Rogers has been investing heavily in its network infrastructure in recent years, with a focus on expanding its coverage to new areas and upgrading its existing network to support faster data speeds and more reliable connectivity. This investment has allowed the company to attract new customers and retain existing ones, as more Canadians rely on wireless services for both personal and professional use.
“We’ve been working hard to deliver the best network coverage and services in the industry, and our recent financial results are a testament to the success of those efforts,” said Joe Natale, President and CEO of Rogers Communications. “We’re proud of what we’ve accomplished, and we’re excited about the opportunities ahead.”
The strong growth in Rogers’ wireless business is also being driven by the population growth in Canada, which has created a significant market opportunity for wireless carriers. According to recent statistics, Canada’s population has been steadily increasing over the past decade, with over 38 million people now calling the country home.
This has resulted in a growing demand for wireless services, particularly mobile data services, as more Canadians use their smartphones and other connected devices to access the internet and stay connected on the go.
Industry analysts have praised Rogers’ recent successes, noting that the company’s focus on network expansion and customer experience has paid off in a big way.
“Rogers has done an excellent job of staying ahead of the curve when it comes to network infrastructure and services, and that’s certainly reflected in its financial results,” said Roberta Fox, an industry analyst at Fox Group Consulting. “The company has also been investing heavily in its customer service capabilities, which has helped it to attract and retain more customers over time.”
Looking ahead, Rogers remains committed to continued growth and innovation, with plans to invest even more heavily in its network infrastructure and expand its offerings in areas such as Internet of Things (IoT) and 5G services.
As Natale noted in a recent statement, “We’re always looking for new ways to deliver value to our customers and stay ahead of the curve in a rapidly changing industry. We’re excited about the opportunities ahead and we’re confident in our ability to continue delivering strong results for our shareholders.”
While Rogers’ financial success is undoubtedly good news for the company and its investors, some consumer advocates have raised concerns about rising wireless costs for Canadians. According to recent reports, Canada has some of the highest wireless prices in the world, which has led.
