Canada's Rogers Communications profit falls, wireless a worry

Thu Jul 24, 2014 8:12am EDT
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TORONTO, July 24 (Reuters) - Rogers Communications posted a 24 percent decline in second-quarter net income on Thursday, as its added fewer-than-expected wireless phone customers but charged them more.

The Toronto-based company said it had net income of C$405 million, or 79 Canadian cents a share, in the three months to June 30, compared to C$532 million, or C$1.03 a share, a year ago. Its revenue was stagnant at C$3.21 billion, despite several data center and cable network acquisitions in the last year.

(Reporting by Alastair Sharp, Editing by Franklin Paul)