Toronto, - Rogers Communications says it lost 16,000 basic cable subscribers last year. And it expects to lose more in 2003.
The company also says growth is slowing in its digital-TV and high-speed Internet businesses and will be little better than flat in wireless telephones.
Figures issued yesterday after the close of financial markets indicate Rogers Communications continues to face pressure in keeping basic cable subscribers.
Subscriber growth for high-speed Internet service is regarded as a key driver of future earnings for Rogers.
It's forecast this year to add another 110,000 to 130,000 broadband Internet subscribers. That's down from about 160,000 in 2002. The company also expects to add between 90,000 and 110,000 net digital cable subscribers (households) by the end of 2003.
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