This is a paragraph from story in the Globe and Mail
Ted Rogers could be forgiven for enjoying a moment of schadenfreude as his company, cable operator Rogers Communications Inc., reported growing demand for all its services last year, leaving phone companies in the dust.
Revenue increased 14 per cent in the fourth quarter, driven by the addition of wireless, Internet, basic and digital cable, and phone customers, along with rate increases earlier in the year. For the full year, revenue rose 21 per cent.
Read the story and see if you can find one reason they need taxpayer dollars to build infrastructure.
Here's another piece of the story!
Rogers forecast that revenue this year will rise to between $9.7-billion and $10-billion from $8.84-billion in 2006. It expects an increase in 2007 operating profit to between $3.25-billion and $3.4-billion from $2.89-billion in 2006. And free cash flow is expected to jump to between $800-million and $1-billion in 2007 from $543-million last year.
If the Premier is upset at the oil companies looking for a handout via a tax break - what must he think of Rogers looking for provincial cash.
2 comments:
Yep, I remember. Being one of the powerless peon's in this province, I did my talking with my money. Guess I'm not so powerless after all. I called Rogers and cancelled my internet and television services. When they asked why, I told them if they wanted to steal my tax dollars they couldn't have my pocket money too. They offered me a discount, but this gal ain't for sale. I understand Danny is pretty cheap though. Do we need that cable? I honestly haven't a clue. But if Rogers wants to put it in on their own dime, that would work for me. Now maybe that's why I'm the gal who has to struggle from week to week to keep the bills paid and Ted Rogers doesn't. Having his hands deep in Danny's pockets looking for that dime must be mutually thrilling for both of them.
Now that's one sure way to get the attention of the cable giant - we need more movement on that front.
Post a Comment