Sure Canada’s fourth carrier will be competitive — but not so competitive it will hurt Rogers, CEO says

In a post-Shaw merger world, “disruptive” new player Vidéotron will fight hard for Canadians’ wireless dollars, according to Rogers CEO Tony Staffieri. But that competition won’t hurt Rogers itself, also according to Staffieri. Rogers added a total of 193,000 wireless subscribers on contracts and the mobile division recorded revenue of $2.58 billion, exceeding analysts’ projections of $2.5 billion. In the year ahead, Rogers expects revenue growth of between four and seven per cent and adjusted earnings growth before deductions of between five and eight per cent. It expects to spend between $3.1 billion and $3.3 billion on capital expenditures, compared with $3.03 billion last year.