Canada's Rogers posts strong revenue on growth in wireless, media businesses - Reuters

Nov 9 (Reuters) - Canada's Rogers Communications Inc connected Wednesday bushed quarterly gross estimates arsenic the wireless bearer benefited from higher roaming charges and request for pricier plans, portion its media concern got a boost from a rebound successful unrecorded sporting events.

The institution (RCIb.TO), added 164,000 monthly measure paying wireless telephone subscribers successful the 3rd 4th contempt decades-high ostentation successful Canada, indicating robust request for its 5G services. In the past quarter, it added 122,000 users.

Canadian carriers person been offering bundled plans and person accrued promotions to clasp customers successful a competitory marketplace wherever wireless charges are among the highest successful the world.

Rival bearer Telus (T.TO) added 150,000 customers successful the 3rd quarter, portion BCE (BCE.TO) added 167,798 subscribers.

Roger's media concern excessively is showing signs of betterment from pandemic blues arsenic the Toronto Blue Jays proprietor posted a 12% emergence successful revenue, acknowledgment to higher advertisement income connected its networks and afloat audiences astatine the Rogers Centre stadium.

The institution incurred a C$150 cardinal complaint successful lawsuit credits owed to a monolithic outage successful July that saw immoderate of its customers power to competitors.

It posted an adjusted nett of 84 Canadian cents per share, narrowly missing expectations of 86 Canadian cents. Revenue of C$3.74 cardinal ($2.78 billion), however, bushed Refinitiv estimates of C$3.73 billion.

Rogers did not springiness immoderate caller update connected its woody for smaller rival Shaw Communications Inc (SJRb.TO), which has been presently blocked by Canada's antitrust bureau.

After a bid of failed colony talks, the conflict betwixt Rogers-Shaw and the antitrust bureau kicked disconnected successful Canada's Competition Tribunal connected Monday and is expected to past astatine slightest 4 weeks. work much

($1 = 1.3436 Canadian dollars)

Reporting by Eva Mathews successful Bengaluru; Editing by Arun Koyyur

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