Canada’s Rogers Communications Inc on Wednesday beat quarterly revenue estimates as the wireless carrier benefited from higher roaming charges and demand for pricier plans, while its media business got a boost from a rebound in live sporting events.
The company added 164,000 monthly bill paying wireless phone subscribers in the third quarter despite decades-high inflation in Canada, indicating robust demand for its 5G services. In the last quarter, it added 122,000 users. Canadian carriers have been offering bundled plans and have increased promotions to retain customers in a competitive market where wireless charges are among the highest in the world.
Rival carrier Telus added 150,000 customers in the third quarter, while BCE added 167,798 subscribers….