Rogers Reports Strong First Quarter 2008 Financial and Operating Results

Tuesday, April 29th, 2008 
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TORONTO — Rogers Communications Inc. (NYSE: RCI) today announced its consolidated financial and operating results for the three months ended March 31, 2008.

Core Cable Revenue

The increase in Core Cable revenue for the three months ended March 31, 2008, compared to the corresponding period of the prior year, reflects a combination of the growing penetration of our digital cable products and the impact of price increases.

Basic cable net additions for the three months ended March 31, 2008 reflect the impact of the conversion of a large municipal housing authority’s cable TV arrangement with Rogers from a bulk to an individual tenant pay basis, which had the impact of reducing basic cable subscribers by approximately 5,000.

The digital cable subscriber base grew by 16% from March 31, 2007 to March 31, 2008. Digital penetration now represents 61% of basic cable households. Strong demand for high definition (“HD”) and personal video recorder (“PVR”) digital set-top box equipment combined with the success of Cable’s “triple play” marketing campaign, which package cable television, high-speed Internet and Rogers Home Phone services, contributed to the growth in the digital subscriber base of 49,000 households in the three months ended March 31, 2008.

Summarized Subscriber Results

    -------------------------------------------------------------------------
                                                Three months ended March 31,
    (Subscriber statistics in thousands,       ------------------------------
     except ARPU)                                 2008      2007       Chg
    -------------------------------------------------------------------------

    Cable homes passed                             3,597     3,494       103

    Basic Cable
      Net additions(1)                                 -         1        (1)
      Total Basic Cable subscribers                2,295     2,278        17
      Core Cable ARPU(2)                        $  58.50  $  54.56  $   3.94

    High-speed Internet
      Net additions                                   41        42        (1)
      Total Internet subscribers (residential)(3)  1,510     1,339       171
      Internet ARPU(2)                          $  37.07  $  35.75  $   1.32

    Digital Cable
      Terminals, net additions                       103       120       (17)
      Terminals in service                         1,974     1,617       357
      Households, net additions                       49        70       (21)
      Households                                   1,402     1,204       198

    Cable telephony subscriber lines
      Net additions and migrations(4)                 46        75       (29)
      Total Cable telephony subscriber lines         702       441       261

    Circuit-switched subscriber lines
      Net losses and migrations(4)                   (14)      (16)        2
      Total circuit-switched subscriber lines        320       333       (13)

    Total Rogers Home Phone subscriber lines
      Net additions                                   32        59       (27)
      Total Rogers Home Phone subscriber lines     1,022       774       248

    RGUs(5)
      Net additions                                  122       172       (50)
      Total revenue generating units               6,229     5,595       634
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(1) Basic cable net additions for the three months ended March 31, 2008 reflect the impact of the conversion of a large municipal housing authority’s cable TV arrangement with Rogers from a bulk to an individual tenant pay basis, which had the impact of reducing basic cable subscribers by approximately 5,000.
(2) As defined. See the “Key Performance Indicators and Non-GAAP Measures” and “Supplementary Information” sections.
(3) During the first quarter of 2008, a change in subscriber reporting resulted in the reclassification of approximately 4,000 high-speed Internet subscribers from RBS’ broadband data circuits to Cable Operations’ high-speed Internet subscriber base. These subscribers are not included in net additions for the three months ended March 31, 2008.
(4) Includes approximately 3,000 and 18,000 migrations from circuit- switched to cable telephony for the three months ended March 31, 2008, and 2007, respectively.
(5) RGUs are comprised of basic cable subscribers, digital cable households, residential high-speed Internet subscribers and Rogers Home Phone subscribers.

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