Rogers Reports Fourth Quarter 2008 Financial and Operating Results
Wednesday, February 18th, 2009TORONTO — Rogers Communications Inc. (TSX: RCI.a; RCI.b)(NYSE: RCI) today announced its consolidated financial and operating results for the three and twelve months ended December 31, 2008.
Cable
The digital cable subscriber base grew by 15% from December 31, 2007 to December 31, 2008. Digital penetration now represents approximately 67% of basic cable households. Increased demand for HDTV and personal video recorder (“PVR”) digital set-top box equipment and digital content generally, combined with multi-product marketing campaigns, which package cable television, high-speed Internet and Rogers Home Phone services, contributed to the growth in the digital subscriber base of 61,000 in the three months ended December 31, 2008. HDTV digital cable subscribers were up 37% from December 31, 2007 to December 31, 2008, to 568,000 helped in part by an HD digital box purchase promotion during the quarter.
Summarized Subscriber Results:
------------------------------------------------------------------------- Three months ended Twelve months ended December 31, December 31, ----------------------------------------------------- (Subscriber statistics in thousands, except ARPU) 2008 2007 Chg 2008 2007 Chg ------------------------------------------------------------------------- Cable homes passed 3,547 3,575 (28) 3,547 3,575 (28) Basic Cable Net additions 4 20 (16) 9 18 (9) Total Basic Cable subscribers 2,320 2,295 25 2,320 2,295 25 Core Cable ARPU $ 61.79 $ 57.97 $ 3.82 $ 60.47 $ 56.39 $ 4.08 Digital Cable Terminals, net additions 137 110 27 404 374 30 Total terminals in service 2,283 1,871 412 2,283 1,871 412 Households, net additions 61 61 - 191 219 (28) Total households 1,550 1,353 197 1,550 1,353 197 -------------------------------------------------------------------------
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