Rogers overcome issues despite resignation of CEO

by Andrew Roach on February 19, 2013

Rogers have defied analyst predictions as the company has managed to report strong profits for the past year even though the company’s CEO announced that he would be leaving at the end of 2013.

Current CEO Nadir Mohamed has come out and said that he plans to leave the position and retire in January 2014 after being in charge of the telecoms company for the past 5 years.

Despite Mohamed‘s decision, Rogers were able to show how well they’ve performed over the past year as they reported a quarterly revenue of $3.2bn dollars.

Rogers has had a mixed year as despite the launch of several top technical devices as the company has been rocked by major outages and changes to regulations by industry watchdogs such as CRTC.

One of the main reasons for Rogers strong performance has been down to the performance of its smartphone division.
With the release of several high-profile phones throughout the last 3 months such as the Blackberry Z10 and the Nokia 920, it has allowed Rogers to capitalize on their appeal and thrive of such a lively and competitive market.

The strength of this area has led to a significant increase in the number of subscribers for Rogers in comparison to the same period in 2011. The company had 58,000 new subscribers in the last 3 months which is 18,000 more than what the telecom company managed to achieve the previous year.

These results have defied predictions by analysts who hadn’t predicted such a strong performance by Canada’s biggest telecoms company. This was reflected by Nadir Mohamed who said that “We delivered another balanced set of financial and subscriber results, which further build on a number of positive trends”

The impressive performance of Rogers ensures that the telecom industry is at its strongest levels for a long time and is continuing to thrive on an ever-changing and evolving market.

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