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Teleconferencing Technology Used to Facilitate Live Online Education


28/07/2009

Rogers Communications shares took a hit today after the Canadian cable and wireless giant reduced its sales growth projections.

Rogers expects overall revenue to increase by 2 to 4 percent this year, rather than the 5 to 9 percent that it predicted back in February. The company attributes the change to slowing advertising sales at its media business, which accounts for 13% of total revenue, as well as a decline in consumer wireless spending.

Average revenue per user (ARPU) at Rogers’ wireless business declined 2.3% to $63.09 per month in the second quarter, as customers spent less money on long distance and roaming amid the ongoing recession.

“We don`t see anything today that would say we`re in a customer recovery,” said Rogers CEO, Nadir Mohamed, in a conference call earlier today. The company’s shares fell C$1.53 to close at C$29.45 on the Toronto Stock Exchange.



 

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