Rogers Subscriber Growth Slows as Price War Heats Up

Second quarter revenue also misses estimates

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By Simran Jagdev

July 23, 2019 at 11:14 AM UTC

Updated on

July 23, 2019 at 2:31 PM UTC

This article is for subscribers only.

Rogers Communications Inc. added fewer wireless subscribers in its fiscal second quarter amid a price war among Canadian telcos.

The Toronto-based company added 77,000 postpaid net subscribers, according to a statement Tuesday, short of analysts’ estimates for 99,250. Revenue was C$3.78 billion ($2.88 billion), also missing estimates of C$3.86 billion. Revenue at the wireless division, Rogers’ largest, rose 1% to C$2.24 billion.