Rogers reported 23,000 net wireless contract additions in the period ended March 31. That’s versus the consensus forecast of analysts for more than 60,000 and well off the 95,000 new post-paid customers in the year earlier first quarter.

The Toronto-based wireless, cable, internet and media company also missed analysts’ forecasts for new subscribers in its internet and cable divisions as it lost a worse-than-forecast 28,000 television customers. Natale said new cable additions were hit by macro-economic factors, including an easing of housing starts.

Source: Toronto Star

Date: May 3rd, 2019

Link: https://www.thestar.com/business/technology/2019/04/18/wireless-weakness-weighs-on-rogers-results.html

Discussion

1. Why would wireless contracts additions be so slow to grow?
2. What causes a person to move to a cellphone from a landline phone?