Senior executives told analysts that they were positively surprised by how many customers have switched to unlimited wireless data plans but acknowledged that the switch caused a short-term financial hit. Rogers said it now expects that 2019 full-year revenue may fall by up to one per cent compared with 2018 and the high end of its expectations is now only one per cent revenue growth. It had earlier estimated 2019 revenue growth would be between three and five per cent above last year. Rogers was the first of Canada’s national wireless companies to adopt fixed monthly prices for its wireless data plans, but the move has been matched by Bell and Telus. Capital spending expectations were also cut to between $2.75 billion and $2.85 billion from between $2.85 billion and $3.05 billion.

Source: thestar October 23, 2019 11:26 UTC