Rogers Communications Reports First Quarter 2013 Results

           Rogers Communications Reports First Quarter 2013 Results

PR Newswire

TORONTO, April 22, 2013

Revenues Up 3% with Continued Growth at Wireless and Cable;

Customer Base Expands with 32,000 Wireless Postpaid Net Subscriber Additions
and 18,000 Total Cable Service Units;

Adjusted Operating Profit Grows 8% and Diluted Earnings Per Share Up 18%
Reflecting Top Line Growth and Continued Efficiency Improvements;

TORONTO, April 22, 2013 /PRNewswire/ - Rogers Communications Inc., a leading
diversified Canadian communications and media company, today announced its
unaudited consolidated financial and operating results for the first quarter
ended March 31, 2013, in accordance with International Financial Reporting
Standards ("IFRS").

Financial highlights from continuing operations are as follows^(1):

                               
                                        Three months ended March 31,
(In millions of dollars, except      2013           2012           % Chg
per share amounts)
                                                                          
Operating revenue                  $ 3,027    $ 2,943  3
As adjusted:                                                               
      Operating profit           1,179   1,094  8
      Net income               414  360   15
      Basic earnings per share  0.80  0.69   16
      Diluted earnings per      0.80  0.68   18
       share
                                                                          

(1) This summary of our first quarter 2013 results should be read in
    conjunction with our first quarter 2013 MD&A, our first quarter 2013
    Unaudited Interim Condensed Consolidated Financial Statements and Notes
    thereto, and our 2012 Annual Report, all of which are incorporated by
    reference in this news release. The financial information presented herein
    has been prepared on the basis of International Financial Reporting
    Standards ("IFRS") for Interim Financial Statements and is expressed in
    Canadian dollars.

"The record first quarter levels of both revenue and adjusted operating profit
which Rogers reported represents a solid  start to 2013," said Nadir  Mohamed, 
President and  Chief  Executive Officer  of  Rogers Communications  Inc.  "The 
positive operating trends which we achieved during 2012 are carrying into  the 
new year as evidenced by the continued improvements in ARPU, data and Internet
revenue, churn and margin profiles which we reported for the first quarter  of 
2013. This balanced growth across  subscribers, revenue, margins and  earnings 
reflects the  combination  of  our  superior  asset  mix,  innovative  product 
offerings, and successful ongoing efficiency gains, further supporting the 10%
dividend increase we announced earlier in the quarter."

Highlights of the first quarter of 2013 include the following:

Top Line Growth Continued

  *Consolidated revenue growth of 3% was driven by Wireless network revenue
    growth of 4% and Cable revenue growth of 4%, partially offset by declines
    at Media, compared to the same quarter last year.

  *Wireless data revenue grew by 22% which helped drive a 3.5% increase in
    blended ARPU. Wireless data revenue now comprises 45% of Wireless network
    revenue. Wireless activated and upgraded 673,000 smartphones, of which
    approximately 33% were for subscribers new to Wireless. This resulted in
    subscribers with smartphones now representing 71% of the overall postpaid
    subscribers. Wireless also recorded a continued reduction in postpaid
    churn.

Continued Cost Efficiency Gains Drive Profit Growth and Margin Expansion

  *Consolidated adjusted operating profit increased year over year by 8%,
    primarily driven by a 4% increase at Wireless, 13% increase at Cable, and
    28% increase at RBS.

  *Consolidated margins of 38.9% were up 170 basis points year over year,
    supported by strong adjusted operating profit margins of 45.5% and 49.8%
    at Wireless and Cable, respectively, reflecting revenue growth combined
    with solid execution on our cost management objectives. Adjusted net
    income improved 15% from the same quarter last year and adjusted diluted
    earnings per share of $0.80 were up 18%.

Continued to Enhance our Leading Networks to Monetize Rapid Data Growth

  *Continued to expand Canada's first and fastest wireless Long Term
    Evolution ("LTE") 4G broadband network that now covers approximately 60%
    of the Canadian population, while continuing to offer the largest
    selection of LTE devices of any carrier in Canada. LTE is a next
    generation wireless technology that enables unparalleled connectivity,
    capable of speeds that are between three and four times faster than HSPA+
    with peak potential download rates of up to 150 Megabits per second.

  *Announced agreements with Shaw Communications ("Shaw") securing an option
    to purchase Shaw's Advanced Wireless Service ("AWS") spectrum holdings in
    2014, and to acquire Shaw's cable system in Hamilton, Ontario, while Shaw
    will acquire Rogers' one-third interest in specialty channel TVtropolis.
    We recently received regulatory approval on the purchase of Shaw's cable
    system and other transactions are pending regulatory approval.

  *Rogers became the first carrier in North America and one of the first in
    the world to offer international LTE roaming to customers. In partnership
    with one of Hong Kong's leading mobile service providers, Rogers has
    launched LTE roaming for its customers travelling to Hong Kong. Rogers
    will be launching LTE roaming in a number of additional countries
    throughout 2013.

Customer Experience Further Enriched

  *Announced the certification of mobile payment service suretap™ for the
    Android and BlackBerry 10 operating systems. Rogers suretap service
    enables smartphones to securely perform electronic payments and is
    accepted at tens of thousands of contactless terminals across Canada.

  *Together with our machine-to-machine ("M2M") global alliance partners,
    Rogers demonstrated a single worldwide SIM card via a web-based platform
    designed to simplify multinational M2M solutions for global customers.
    Comprised of eight leading mobile operators, the alliance is bringing
    technology to market that will simplify the process of global M2M
    deployments and eliminate complexity for multinational companies with
    worldwide deployments of connected devices.

  *Launched Rogers Smart Home Monitoring, an innovative, robust home security
    and home automation control system, to residents of Ontario's Golden
    Horseshoe and in Atlantic Canada. Rogers Smart Home Monitoring allows
    customers to easily control and automate their home security, lights,
    cameras, thermostats and appliances, and to remotely monitor their home
    through their smartphone, tablet device or computer.

Media Focus on Sports and Local Content

  *Media and the Buffalo Bills announced a renewed five-year partnership that
    will continue to deliver a first-class sports experience to Canadian NFL
    fans. The agreement, which begins in 2013 and runs through 2017, will see
    the Buffalo Bills play a total of six games in Toronto, further
    underscoring Rogers' commitment to producing and delivering premium sports
    content and experiences for fans.

  *Sportsnet announced a 10-year partnership extension with the Vancouver
    Canucks through the 2022/2023 NHL season, continuing a 14-year network
    tradition as the regional television broadcaster of Canucks hockey. The
    new agreement features a comprehensive suite of multimedia rights
    including television, online and mobile, delivering up to 60 regular
    season Vancouver Canucks games each season. Sportsnet is also the official
    regional television broadcast rights holder for the Toronto Maple Leafs,
    Calgary Flames, Edmonton Oilers, and Ottawa Senators.

  *Completed the purchase of the CJNT-TV Montreal ("Metro14 Montreal") and
    re-launched the station as City Montreal in this key Quebec market. The
    purchase of this broadcast license, along with other acquisitions and
    agreements put in place during 2012, has increased City's reach by more
    than 20% to over 80% of Canadian households.

Balance Sheet Strength  Further Reinforced  with Continued  Healthy Cash  Flow 
Generation, Increased Liquidity and Lower Cost of Borrowing

  *Generated $543 million of consolidated pre-tax free cash flow in the
    quarter, an increase of 11% compared to the first quarter of 2012,
    reflecting increased adjusted operating profit, which was partially offset
    by an increased level of PP&E expenditures. Pre-tax free cash flow per
    share increased by 14% over the same period last year.

  *Issued U.S.$1.0 billion of investment grade debt securities consisting of
    U.S.$500 million of 3.0% Senior Notes due 2023 and U.S.$500 million of
    4.5% Senior Notes due 2043. The net proceeds from the issuance of the debt
    securities were approximately U.S.$985 million (Cdn. $1,015 million) which
    is expected to be used for general corporate purposes.

  *Rogers has reduced its overall average cost of debt capital to 5.77% at
    March 31, 2013 from 6.12% at March 31, 2012.

Cash Returned  to Shareholders  Grows with  Announcement of  Further  Dividend 
Increase

  *Increased our annualized dividend rate by 10% to $1.74 per share in
    February 2013, and immediately declared a quarterly dividend of $0.435 a
    share on each of our outstanding shares at the new, higher rate. In
    addition, Rogers announced a share buyback authorization of up to $500
    million of Rogers' Class B Non-Voting shares over the coming year.

Announcement of CEO Succession

  *Announced that President and Chief Executive Officer, Nadir Mohamed, has
    decided to retire in January 2014. He will continue to lead the company
    during 2013 and work with Rogers' Board of Directors to ensure a seamless
    and orderly transition. The Board has appointed a search committee,
    retained an executive search firm and begun an international search for a
    successor to Mr. Mohamed.

This earnings release, which is current as of April 22, 2013, is a summary  of 
our first quarter  2013 results, and  should be read  in conjunction with  our 
first quarter 2013 MD&A and our first quarter 2013 Unaudited Interim Condensed
Consolidated Financial Statements and Notes thereto, our 2012 Annual MD&A  and 
our 2012 Audited Annual Consolidated  Financial Statements and Notes  thereto, 
and our other recent filings with securities regulatory authorities which  are 
available on SEDAR at sedar.com or EDGAR at sec.gov.

The financial information presented herein has  been prepared on the basis  of 
IFRS for interim  financial statements  and is expressed  in Canadian  dollars 
unless otherwise stated.

As this earnings release includes forward-looking statements and  assumptions, 
readers should carefully review the section of this earnings release  entitled 
"Caution Regarding Forward-Looking Statements, Risks and Assumptions".

In this  earnings release,  the  terms "we",  "us", "our",  "Rogers",  "Rogers 
Communications" and "the Company" refer to Rogers Communications Inc. and  our 
subsidiaries: Wireless, Cable, Business Solutions ("RBS") and Media.

CONSOLIDATED FINANCIAL RESULTS

                             
                                      Three months ended March 31,
(In millions of dollars,           2013           2012         % Chg
except per share amounts)
                                                                      
Operating revenue                                                      
     Wireless                $     1,760   $   1,706   3
     Cable                       861      825   4
     RBS                         93       87   7
     Media                        341         354  (4)
     Corporate items and           (28)        (29)  (3)
      intercompany
      eliminations
Total operating revenue            3,027         2,943   3
                                                                      
Adjusted operating profit                                              
     Wireless                    765           737   4
     Cable                        429           378    13
     RBS                           23            18    28
     Media                        (7)          (14)    50
     Corporate items and           (31)          (25)   (24)
      intercompany
      eliminations
Adjusted operating profit            1,179         1,094   8
                                                                      
Depreciation and                    (450)         (463)  (3)
amortization
Finance costs                        (181)         (160)    13
Other income                        10             8               25
Adjusted net income before           558           479    17
income taxes
                                                                      
Adjusted income tax expense                 (119)    21
                                        (144)
Adjusted net income           $     414   $  360    15
                                                                      
Adjusted basic earnings per   $    0.80   $   0.69    16
share
Adjusted diluted earnings          0.80          0.68    18
per share
                                                                      
                                                                      
Adjusted operating profit     $     1,179   $   1,094   8
Stock-based compensation          (58)       (6)              n/m
expense
Integration, restructuring         (9)      (42)   (79)
and acquisition expenses
Depreciation and                      (450)      (463)  (3)
amortization
Operating income                      662           583    14
Finance costs                        (181)         (160)    13
Other income                      10             8      25
Income before income taxes             491           431    14
                                                                      
Income tax expense                    (138)         (107)    29
Net income from continuing            353          324   9
operations
Loss from discontinued           -       (19)              n/m
operations
Net income                    $    353   $  305    16
                                                                      
Basic earnings per share -    $    0.69  $   0.62    11
continuing operations
Diluted earnings per share -           0.68          0.61    11
continuing operations
                                                                      
Basic earnings per share               0.69          0.58    19
Diluted earnings per share             0.68          0.57    19
                                                                      
                                                                     
Total additions to PP&E       $    464   $  449   3
                                                                      
Pre-tax free cash flow                  543        488    11
After-tax free cash flow                428          416   3



SEGMENT REVIEW

WIRELESS

Summarized Wireless Financial Results

                                                                           
                                               Three months ended March 31,
(In millions of dollars, except                
margin)                                   2013          2012           % Chg
                                                                      
Operating revenue ^                                                    
      Network revenue           $    1,683  $   1,612   4
      Equipment sales               77      94   (18)
Total operating revenue                1,760        1,706   3
                                                                      
Operating expenses                                                     
      Cost of equipment            (349)        (324)   8
      Other operating expenses    (646)        (645)  -
                                     (995)        (969)   3
Adjusted operating profit        $    765  $  737   4
                                                                      
Adjusted operating profit                      
margin as                                                                
      % of network revenue             45.5%        45.7%               
                                                                      
Additions to PP&E                $   239  $  223   7
                                                                      
Data revenue included in                       
network revenue                   $   762   $   627    22
                                                                      
Data revenue as a % of network                 
revenue                                    45%           39%     

Summarized Wireless Subscriber Results

                               
(Subscriber statistics in               Three months ended March 31,
thousands,
except ARPU and churn)             2013         2012            Chg
                                                                    
Postpaid                                                             
 Gross additions                      319           334    (15)
 Net additions                      32    47        (15)
 Total postpaid subscribers         7,878           7,621      257
 Monthly churn                      1.22%           1.26%    (0.04) pts
 Monthly average revenue per    $  68.56  $       67.39  $    1.17
  user ("ARPU")
                                                                    
Prepaid                                                             
 Gross additions                    118           154       (36)
 Net losses                       (93)          (72)       (21)
 Total prepaid subscribers          1,498           1,689       (191)
 Monthly churn                      4.48%           4.31%      0.17 pts
 ARPU                           $  14.63  $        14.99  $     (0.36)
                                                                    
Blended ARPU                     $  59.68  $         57.65  $    2.03
 Data ARPU                          27.02           22.42       4.60
 Voice ARPU                         32.66           35.23       (2.57)

Wireless Subscribers and Network Revenue

For the three  months ended March  31, 2013, Wireless  activated and  upgraded 
approximately 673,000 smartphones,  compared to approximately  642,000 in  the 
first quarter of 2012. This  addition of smartphones increased the  percentage 
of subscribers with smartphones to 71% of Wireless' total postpaid  subscriber 
base at  March  31,  2013,  compared  to 60%  as  at  March  31,  2012.  These 
subscribers generally  commit  to  multi-year  term  contracts  and  typically 
generate significantly higher ARPU than non-smartphone subscribers.

The increase in wireless network revenue for the three months ended March  31, 
2013, compared to  the corresponding  period of 2012,  reflects the  continued 
growth of Wireless' postpaid  subscriber base and  the increased adoption  and 
usage of wireless data services.

For the three months ended March 31, 2013, wireless data revenue increased  to 
$762 million,  a 22%  increase from  the corresponding  period of  2012.  This 
growth in wireless data revenue reflects the continued penetration and growing
usage of  smartphones,  tablet  devices  and  wireless  laptops,  which  drive 
increased usage  of e-mail,  wireless Internet  access, text  messaging,  data 
roaming, and other wireless data services.  A portion of this growth  reflects 
enhancements to data roaming  plans introduced in the  third quarter of  2012. 
For the three months ended March  31, 2013, wireless data revenue  represented 
approximately 45% of total network  revenue, compared to approximately 39%  in 
the corresponding period of 2012.

The 3.5% year-over-year increase in blended  ARPU for the quarter ended  March 
31, 2013, compared to the corresponding period of 2012, primarily reflects the
aforementioned growth  in  wireless  data revenue,  partially  offset  by  the 
continued decline  of wireless  voice  ARPU. The  wireless data  component  of 
blended ARPU increased  by 20.5%, partially  offset by a  7.3% decline in  the 
wireless voice component as a result of a general shift in usage patterns from
voice to data  based wireless services  and the general  level of  competition 
around wireless voice services.

Wireless Equipment Sales

The decrease in revenue from equipment sales for the three months ended  March 
31, 2013, compared  to the  corresponding period of  2012, primarily  reflects 
changes  in  device  pricing  and  resultant  subsidies  driven  by  increased 
competition, partially  offset  by  an  increase in  the  mix  of  smartphones 
activated towards higher value devices versus the corresponding period in  the 
prior year.

Wireless Operating Expenses

The increase in cost of equipment for  the three months ended March 31,  2013, 
compared to the corresponding period of 2012, was primarily the result of  the 
increased number  of  smartphone  sales  to new  customers  and  upgrades  for 
existing customers. During the three months ended March 31, 2013, we activated
5% more smartphones with  a higher average  cost per device  than in the  same 
period last year.

Total retention spending,  including subsidies on  handset upgrades, was  $247 
million in the three months ended March 31, 2013, compared to $208 million  in 
the corresponding period  of 2012.  The increase primarily  reflects a  higher 
number of  hardware upgrades  by  existing subscribers  than during  the  same 
period last year, a shift in  the mix of smartphones activated towards  higher 
value devices, and a more competitive device pricing environment.

Other operating expenses for the three months ended March 31, 2013,  excluding 
retention spending discussed above were relatively flat versus the same period
of the  prior  year.  Wireless  incurred higher  marketing  costs,  driven  by 
increased promotional  activities,  which  were  offset  by  efficiency  gains 
resulting from  cost management  and productivity  initiatives across  various 
functions. Wireless  continues  to focus  on  costs reduction  and  efficiency 
improvement initiatives.

Wireless Adjusted Operating Profit

The 4%  year-over-year increase  in adjusted  operating profit  and the  45.5% 
adjusted operating profit margin on network revenue (which excludes  equipment 
sales revenue) for the three months ended March 31, 2013 primarily reflect the
growth of network  revenue in  the period,  coupled with  cost management  and 
efficiency improvements as discussed above.

CABLE

Summarized Financial Results

                                   
                                         Three months ended March 31,
(In millions of dollars, except        2013        2012         % Chg
margin)
                                                                      
Operating revenue                                                      
              Television         $  458  $    465  (2)
               Internet               277        241    15
              Home Phone             123        116   6
     Service revenue                     858        822   4
     Equipment sales                   3     3  -
Total Cable operating revenue              861         825   4
                                                                      
Operating expenses                                                    
     Cost of equipment                    (2)        (3)   (33)
     Other operating expenses          (430)       (444)  (3)
                                       (432)       (447)  (3)
Adjusted operating profit           $  429  $  378    13
                                                                      
Adjusted operating profit margin         49.8%      45.8%               
                                                                      
Additions to PP&E                   $   181  $   188  (4)

Summarized Subscriber Results

                               
                                        Three months ended March 31,
(Subscriber statistics in            2013           2012             Chg
thousands)
                                                                          
Cable homes passed                  3,828      3,764    64
                                                                          
Television                                                                 
  Net losses                    (25)   (21)  (4)
  Total television subscribers     2,189      2,276   (87)
                                                                          
Internet                                                                   
  Net additions                  26    13    13
  Total Internet subscribers       1,890      1,806    84
                                                                          
Home Phone                                                                 
  Net additions                  17   1    16
  Total phone subscribers          1,091      1,053    38
                                                                          
Total service units                                                        
  Net additions (losses)         18  (7)    25
  Total service units              5,170      5,135    35

Television Revenue

Television revenue  decreased  for the  three  months ended  March  31,  2013, 
compared to  the corresponding  period  of 2012,  from the  4%  year-over-year 
decline in television subscribers combined with the impact of promotional  and 
retention pricing activity associated  with heightened competition,  partially 
offset by pricing changes made in January 2013.

Our digital  cable subscriber  base  represents 81%  of our  total  television 
subscriber base as at March 31, 2013, compared to 78% as at March 31, 2012.  A 
larger selection of digital content,  video on-demand, HDTV and PVR  equipment 
continues  to  contribute  to  the  increasing  penetration  of  the   digital 
subscriber base as a percentage of our total television subscriber base.

Cable began a substantial conversion  of the remaining analog cable  customers 
onto its digital  cable platform  during 2012. This  strategic migration  will 
continue to further strengthen the customer experience, and once complete will
enable the reclamation of significant amounts of network capacity, as well  as 
reduce  network  operating  and  maintenance  costs.  The  analog  to  digital 
migration, expected  to be  completed in  2015, entails  incremental PP&E  and 
operating costs as each of the remaining analog homes are fitted with  digital 
converters and various analog filtering equipment is removed.

Internet Revenue

The year-over-year increase  in Internet  revenue for the  three months  ended 
March 31, 2013,  compared to the  corresponding period in  2012, reflects  the 
increase in our Internet subscriber base, combined with a general movement  to 
higher end  speed and  usage  tiers, combined  with Internet  service  pricing 
changes made during the previous twelve months.

With our  Internet  customer  base  at  1.9    million  subscribers,  Internet 
penetration is approximately 49% of the homes passed by our cable network  and 
86% of our television subscriber  base as at March  31, 2013, compared to  48% 
and 79% as at March 31, 2012, respectively.

Home Phone Revenue

The increase in  Phone revenues  for the three  months ended  March 31,  2013, 
compared to the corresponding period of 2012, primarily reflects the  increase 
in our Phone customer base due to increased promotional activities.

Phone lines in service grew 4% from March  31, 2012 to March 31, 2013 and  now 
represent 29% of the homes passed by  our cable network and 50% of  television 
subscribers, compared to 28% and 46% at March 31, 2012, respectively.

Cable Operating Expenses

Cable's operating expenses decreased  by 3% for the  three months ended  March 
31, 2013, compared to the corresponding period of 2012. Excluding the positive
impact resulting from  an $8  million adjustment  to licence  fees payable  to 
match the CRTC's billing period in  the current quarter of 2013, the  decrease 
would be  1% year  over year.  The  decrease was  driven by  cost  reductions, 
efficiency initiatives and lower activity volumes. Cable continues to focus on
cost reductions and efficiency improvement initiatives.

Cable Adjusted Operating Profit

The year-over-year increase in adjusted operating profit for the three  months 
ended March  31, 2013  was  driven principally  by increased  service  revenue 
coupled with  cost  reductions  as  discussed  above,  resulting  in  expanded 
adjusted operating profit margin of 49.8% for the three months ended March 31,
2013, compared to 45.8% in the corresponding period of 2012.

Other Cable Developments

On January 14, 2013, we announced a multipart strategic transaction with  Shaw 
to acquire Shaw's cable  system in Hamilton, Ontario  and secure an option  to 
purchase Shaw's AWS spectrum holdings in 2014.  We will also sell to Shaw  our 
one-third equity interest  in specialty channel  TVtropolis. Rogers' net  cash 
investment is expected to total approximately  $700 million if all aspects  of 
the transactions are approved.

During the three months  ended March 31,  2013, we paid  net deposits of  $241 
million for these Shaw transactions.  We have received regulatory approval  on 
the purchase  of  Shaw's cable  system  in  Hamilton, Ontario  and  the  other 
transactions are pending regulatory approval. The acquisition of Shaw's cable
system in Hamilton, Ontario and sale  of TVtropolis are currently expected  to 
close in the second quarter of 2013.

RBS

Summarized Financial Results

                               
                                       Three months ended March 31,
(In millions of dollars,              2013           2012        % Chg
except margin)
                                                                      
Operating revenue                                                      
        Next generation      $     44  $  35    
                                                                            26
        Legacy                      40     50     
                                                                          (20)
      Service revenue                  84     85   
                                                                           (1)
      Equipment sales            9      2           n/m
Total RBS operating revenue           93         87  
                                                                             7
                                                                      
Operating expenses                      (70)      (69)  
                                                                             1
Adjusted operating profit       $     23  $   18    
                                                                            28
                                                                      
Adjusted operating profit                 24.7%        20.7%             
margin
                                                                      
Additions to PP&E               $     15  $  15   
                                                                            -

RBS Revenue

RBS revenue increased 7% for the  three months ended March 31, 2013,  compared 
to the corresponding  period of 2012,  due to the  increased revenue from  the 
next generation business as well as a non-recurring equipment sale,  partially 
offset by decreased revenue from legacy  business. RBS' focus is primarily  on 
IP-based services  and increasingly  on leveraging  higher margin  on-net  and 
near-net revenue  opportunities,  utilizing  existing  network  facilities  to 
expand offerings to the medium  and large-sized enterprise, public sector  and 
carrier markets.  Revenue  from  the declining  lower  margin  off-net  legacy 
business generally includes local and long-distance voice services and  legacy 
data services. In  contrast, revenue  from the higher  margin next  generation 
business continues to grow, due to growth in customers and additional services
sold to  existing customers,  and  now represents  52%  of total  RBS  service 
revenue.

RBS Operating Expenses

Operating expenses increased  modestly for  the three months  ended March  31, 
2013, compared  to  the  corresponding period  in  2012  due to  the  cost  of 
equipment sales. Operating expenses  declined 9% year-over-year excluding  the 
impact of  the non-recurring  equipment sale.  This decline  was driven  by  a 
decrease in the legacy service-related costs due to lower volumes, as well  as 
ongoing initiatives to improve  costs and productivity.  RBS has continued  to 
focus on implementing a program  of cost reduction and efficiency  improvement 
initiatives to  control  the  overall  growth in  operating  expenses  and  to 
increase adjusted operating profit margin.

RBS Adjusted Operating Profit

The year-over-year increase in adjusted operating profit for the three  months 
ended March 31,  2013 reflects  growth in  the higher  margin next  generation 
business coupled with  cost efficiencies,  resulting in the  increase of  RBS' 
adjusted operating profit margin to 24.7% from 20.7%.

Other RBS Developments

On April  17, 2013,  we announced  that we  purchased 100%  of the  shares  of 
BLACKIRON Data ULC  ("Blackiron") from Primus  Telecommunications Canada  Inc. 
for cash consideration of $200 million. Blackiron is a provider of data centre
and cloud computing services in Canada with approximately 4,000 customers. The
purchase of Blackiron  enables RBS  to enhance its  suite of  enterprise-level 
data centre and cloud computing services.

MEDIA

Summarized Media Financial Results

                              
                                       Three months ended March 31,
(In millions of dollars,           2013           2012          % Chg
except margin)
                                                                      
Operating revenue              $    341  $     354  (4)
                                                                      
Operating expenses                 (348)    (368)  (5)
Adjusted operating loss        $  (7)  $     (14)    50
                                                                      
Adjusted operating loss              (2.1%)         (4.0%)               
margin
                                                                      
Additions to PP&E              $   11  $    10    10

Media Revenue

The decrease in  Media's revenue for  the three months  ended March 31,  2013, 
compared to the corresponding period of 2012, reflects the continued impact of
a soft  advertising market,  which continues  to suppress  growth in  most  of 
Media's divisions, along with residual impacts from the 2012 NHL lockout. This
was partially offset by increased distribution revenue generated by  Sportsnet 
and other specialty channels. Adjusting for the impact of the NHL lockout  and 
other non-recurring items that occurred in 2012, Media's revenue for the three
months ended  March 31,  2013 is  relatively unchanged  compared to  the  same 
period in the prior year.

Media Operating Expenses

The decrease in Media's  operating expenses for the  three months ended  March 
31, 2013,  compared to  the  corresponding period  of 2012,  reflects  Media's 
reduced sports programming costs associated with the NHL player lockout, lower
programming expenses due  to broadcast scheduling  changes, a positive  impact 
resulting from  an adjustment  to licence  fees payable  to match  the  CRTC's 
billing period in the  current quarter of 2013,  and overall cost  containment 
efforts.

Media Adjusted Operating Loss

The improvement in Media's adjusted operating loss for the three months  ended 
March 31,  2013,  compared to  the  corresponding period  of  2012,  primarily 
reflects the revenue and expense changes discussed above.

Other Media Developments

In February  2013,  Media  completed  the purchase  of  the  Metro14  Montreal 
broadcast license and  re-launched the station  as City Montreal  in this  key 
Quebec market.  The  purchase of  this  broadcast license,  along  with  other 
acquisitions and agreements  put in  place during 2012,  has increased  City's 
reach by more than 20% to over 80% of Canadian households.

ADDITIONS TO PP&E

                          
                                  Three months ended March 31,
(In millions of dollars)     2013          2012          % Chg
                                                                
Additions to PP&E                                                
        Wireless         $  239   $    223   7
        Cable                181       188  (4)
        RBS                15        15  -
        Media                    11        10    10
        Corporate                18     13    38
Total additions to PP&E    $  464   $    449   3

Wireless Additions to PP&E

The increase in Wireless  additions to PP&E for  the three months ended  March 
31, 2013, compared to  the corresponding period in  2012, was attributable  to 
the continued deployment of our LTE network as well as ongoing upgrades to the
network to  improve the  LTE and  HSPA+ user  experience, and  initiatives  to 
improve network reliability and service platforms.

Cable Additions to PP&E

The decrease in Cable additions to PP&E  for the three months ended March  31, 
2013, compared to  the corresponding  period in 2012,  reflects lower  network 
investments on  capacity and  the  timing of  certain initiatives  related  to 
service enhancements  on our  video and  data platforms,  partially offset  by 
investments in customer premise equipment related to the continued rollout  of 
Next Box  2.0  set-top  boxes  and  analog  to  digital  subscriber  migration 
activities.

RBS Additions to PP&E

RBS' PP&E additions for  the three months ended  March 31, 2013 remained  flat 
compared to the corresponding period  in 2012, and were comprised  principally 
of expenditures on customer specific network expansions and support capital.

Media Additions to PP&E

Media's PP&E additions during  the three months ended  March 31, 2013  reflect 
expenditures on digital and broadcast systems, as well as upgrades for  Sports 
Entertainment facilities.

2013 FINANCIAL AND OPERATING GUIDANCE

We have no  specific revisions at  this time to  the 2013 annual  consolidated 
guidance ranges  that  we provided  on  February  14, 2013.  See  the  section 
entitled "Caution Regarding Forward-Looking Statements, Risks and Assumptions"
below.

Rogers Communications Inc.
Unaudited Interim Condensed Consolidated Statements of Income
(In millions of Canadian dollars, except per share amounts)


                                                      Three months ended
                                                          March 31,
                                                         2013     2012
                                                               
Operating revenue                                   $  3,027  $ 2,943
                                                               
Operating expenses:                                                  
 Operating costs                                      1,906    1,855
 Integration, restructuring and acquisition costs         9       42
 Depreciation and amortization                          450      463
                                                               
Operating income                                          662      583
                                                               
Finance costs                                          (181)    (160)
Other income                                              10        8
                                                               
Income before income taxes                                491      431
                                                               
Income tax expense                                       138      107
                                                               
Net income from continuing operations                    353      324
                                                               
Loss from discontinued operations, net of tax             -    (19)
                                                               
Net income for the period                            $    353  $   305
                                                               
Earnings per share - basic:                                          
 Earnings per share from continuing operations     $   0.69  $  0.62
 Loss per share from discontinued operations             -   (0.04)
                                                               
Earnings per share - basic                           $   0.69  $  0.58
                                                               
Earnings per share - diluted:                                        
 Earnings per share from continuing operations     $   0.68  $  0.61
 Loss per share from discontinued operations             -   (0.04)
                                                               
Earnings per share - diluted                         $   0.68  $  0.57



Rogers Communications Inc.
Unaudited Interim Condensed Consolidated Statements of Financial Position
(In millions of Canadian dollars)


                                               March 31,   December 31,
                                                    2013           2012
                                                          
Assets                                                                
                                                          
Current assets:                                                       
 Cash and cash equivalents                  $    1,434  $         213
 Accounts receivable                             1,365          1,536
 Other current assets                              750            464
 Current portion of derivative instruments          23              8
                                                   3,572          2,221
                                                          
Property, plant and equipment                     9,625          9,576
Goodwill                                          3,215          3,215
Intangible assets                                 2,970          2,951
Investments                                       1,591          1,484
Derivative instruments                               64             42
Other long-term assets                              154             98
Deferred tax assets                                  39             31
                                                          
                                              $   21,230  $      19,618
                                                          
Liabilities and Shareholders' Equity                                  
                                                          
Current liabilities:                                                  
 Short-term borrowings                      $      400  $           -
 Accounts payable and accrued liabilities         2,010          2,135
 Income tax payable                                  38             24
 Current portion of provisions                       7              7
 Current portion of long-term debt               1,473            348
 Current portion of derivative instruments         363            144
 Unearned revenue                                    352            344
                                                   4,643          3,002
                                                          
Provisions                                           34             31
Long-term debt                                   10,409         10,441
Derivative instruments                              209            417
Other long-term liabilities                          448            458
Deferred tax liabilities                          1,517          1,501
                                                  17,260         15,850
                                                          
Shareholders' equity                              3,970          3,768
                                                          
                                              $   21,230  $      19,618

Rogers Communications Inc.
Unaudited Interim Condensed Consolidated Statements of Cash Flows
(In millions of Canadian dollars)


                                                        Three months ended
                                                             March 31,
                                                           2013      2012
                                                                  
Cash provided by (used in):                                             
                                                                  
Operating activities:                                                   
 Net income for the period                           $     353   $    305
 Adjustments to reconcile net income                                   
  to net cash flows from operating activities:
        Depreciation and amortization                    450       463
        Program rights amortization                       13        22
        Finance costs                                    181       160
        Income tax expense                               138       101
        Pension contributions, net of expense             (3)      (4)
        Stock-based compensation expense                  58        6
        Other                                            (1)       (8)
                                                                  
                                                          1,189     1,045
 Change in non-cash operating working capital items       (47)    (200)
                                                                  
                                                          1,142       845
 Income taxes paid                                        (115)      (72)
 Interest paid                                           (222)     (245)
                                                                  
Cash provided by operating activities                       805       528
                                                                  
Investing activities:                                                   
 Additions to property, plant and equipment               (464)     (449)
  ("PP&E")
 Change in non-cash working capital items related to       (52)      (95)
  PP&E
 Net deposits paid on Shaw transactions                 (241)         -
 Additions to program rights                             (14)      (18)
 Other                                                    (24)       (6)
                                                                  
Cash used in investing activities                          (795)     (568)
                                                                  
Financing activities:                                                   
 Issuance of long-term debt                             1,030       590
 Repayment of long-term debt                               -     (350)
 Transaction costs incurred related to long-term          (15)         -
  debt
 Proceeds on short-term borrowings                        400         -
 Dividends paid                                          (204)     (187)
                                                                  
Cash provided by financing activities                     1,211        53
                                                                  
Change in cash and cash equivalents                       1,221        13
                                                                  
Cash and cash equivalents, beginning of period              213      (57)
                                                                  
Cash and cash equivalents, end of period               $ 1,434   $  (44)
                                                                  
The change in non-cash operating working                                
capital items is as follows:
 Accounts receivable                                  $    173  $   250
 Other current assets                                      (45)     (152)
 Accounts payable and accrued liabilities                (183)    (310)
 Unearned revenue                                            8        12
                                                                  
                                                       $   (47)   $ (200)

Caution Regarding Forward-Looking Statements, Risks and Assumptions

This  earnings  release  includes  "forward-looking  information"  within  the 
meaning of applicable securities laws and assumptions concerning, among  other 
things  our  business,  its  operations  and  its  financial  performance  and 
condition approved by management  on the date of  this earnings release.  This 
forward-looking information and these assumptions include, but are not limited
to, statements with respect to our objectives and strategies to achieve  those 
objectives, as  well  as  statements  with  respect  to  our  beliefs,  plans, 
expectations, anticipations,  estimates  or intentions.  This  forward-looking 
information also  includes, but  is  not limited  to, guidance  and  forecasts 
relating to revenue, adjusted operating  profit, property plant and  equipment 
expenditures, cash income  tax payments,  free cash  flow, dividend  payments, 
expected growth in subscribers and the  services to which they subscribe,  the 
cost of acquiring  subscribers and  the deployment  of new  services, and  all 
other statements that are not  historical facts. The words "could",  "expect", 
"may",  "anticipate",  "assume",  "believe",  "intend",  "estimate",   "plan", 
"project", "guidance",  and  similar  expressions  are  intended  to  identify 
statements  containing   forward-looking   information,   although   not   all 
forward-looking statements  include  such words.  Conclusions,  forecasts  and 
projections set out in  forward-looking information are  based on our  current 
objectives and strategies and on estimates and other factors and  expectations 
and assumptions,  most of  which  are confidential  and proprietary,  that  we 
believe to be reasonable at the time  applied, but may prove to be  incorrect, 
including, but not  limited to:  general economic and  industry growth  rates, 
currency exchange  rates, product  pricing levels  and competitive  intensity, 
subscriber growth, usage  and churn rates,  changes in government  regulation, 
technology  deployment,  device  availability,  the  timing  of  new   product 
launches, content  and  equipment  costs,  the  integration  of  acquisitions, 
industry structure and stability.

Except as otherwise indicated, this  earnings release and our  forward-looking 
statements do not reflect the potential  impact of any non-recurring or  other 
special items or  of any dispositions,  monetizations, mergers,  acquisitions, 
other business combinations or  other transactions that  may be considered  or 
announced  or  may  occur  after   the  date  the  statement  containing   the 
forward-looking information is made.

We caution  that  all  forward-looking information,  including  any  statement 
regarding our current  objectives, strategies and  intentions and any  factor, 
assumptions,  estimate   or   expectation   underlying   the   forward-looking 
information, is inherently subject to  change and uncertainty and that  actual 
results  may  differ  materially  from  those  expressed  or  implied  by  the 
forward-looking information.  A  number  of  risks,  uncertainties  and  other 
factors could cause actual results and events to differ materially from  those 
expressed or implied  in the  forward-looking information or  could cause  our 
current objectives, strategies  and intentions  to change,  including but  not 
limited to: new interpretations and  new accounting standards from  accounting 
standards bodies, economic conditions,  technological change, the  integration 
of acquisitions, unanticipated changes in content or equipment costs, changing
conditions in the  entertainment, information  and communications  industries, 
regulatory changes,  litigation  and tax  matters,  the level  of  competitive 
intensity and the emergence of new opportunities.

Many of  these factors  are  beyond our  control  and current  expectation  or 
knowledge. Should one or more of  these risks, uncertainties or other  factors 
materialize, our objectives,  strategies or  intentions change,  or any  other 
factors  or  assumptions  underlying  the  forward-looking  information  prove 
incorrect, our actual results and our plans could vary significantly from what
we currently foresee. Accordingly, we warn investors to exercise caution  when 
considering statements  containing  forward-looking information  and  that  it 
would be unreasonable  to rely  on such  statements as  creating legal  rights 
regarding our future  results or  plans. We are  under no  obligation (and  we 
expressly disclaim  any such  obligation) to  update or  alter any  statements 
containing  forward-looking  information   or  the   factors  or   assumptions 
underlying them, whether  as a  result of  new information,  future events  or 
otherwise, except as required by  law. All of the forward-looking  information 
in this earnings release is qualified by the cautionary statements herein.

Before making any investment  decisions and for a  detailed discussion of  the 
risks, uncertainties  and  environment  associated with  our  business,  fully 
review the sections of  our first quarter MD&A  entitled "Update to Risks  and 
Uncertainties" and  "Government Regulation  and Regulatory  Developments"  and 
also sections entitled "Risks and Uncertainties Affecting our Businesses"  and 
"Government Regulation and Regulatory Developments"  in our 2012 Annual  MD&A. 
Our annual and quarterly reports can be found online at  rogers.com/investors, 
sedar.com and sec.gov or are available directly from Rogers.

About Rogers Communications Inc.

Rogers Communications  is a  diversified  public Canadian  communications  and 
media company. We  are Canada's  largest provider  of wireless  communications 
services and one of Canada's leading providers of cable television, high-speed
Internet and telephony services. Through Rogers Media, we are engaged in radio
and  television  broadcasting,   televised  shopping,   magazines  and   trade 
publications, sports entertainment, and digital media. We are publicly  traded 
on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock
Exchange (NYSE:  RCI).  For further  information  about the  Rogers  group  of 
companies, please visit rogers.com. Information  contained in or connected  to 
our website is not part of and not incorporated into this earnings release.

Quarterly Investment Community Conference Call

As previously announced  by press  release, a  live webcast  of our  quarterly 
results teleconference with the investment community will be broadcast via the
Internet at  rogers.com/webcast beginning  at 4:30  p.m. ET  today, April  22, 
2013. A rebroadcast of this teleconference will be available on the Events and
Presentations    page     of    Rogers'     Investor    Relations     website, 
rogers.com/investors, for  a  period  of  at least  two  weeks  following  the 
teleconference.







SOURCE Rogers Communications Inc.

Contact:

Investment Community Contacts

Bruce M. Mann, 416.935.3532,bruce.mann@rci.rogers.com
Dan R. Coombes, 416.935.3550,dan.coombes@rci.rogers.com

Media Contact

Terrie Tweddle, 416.935.4727,terrie.tweddle@rci.rogers.com