Rogers withdraws 2020 outlook in uncertainty of coronavirus crisis, Q1 revenue slumps 5% – USA DAILY NEWS

Rogers withdraws 2020 outlook in uncertainty of coronavirus crisis, Q1 revenue slumps 5%

Fewer new subscribers

Rogers Communications Inc’s revenue for first quarter ended March 31 fell 5 per cent to $3.42 billion due to lower subscriber activity during the pandemic.Peter J Thompson/National Post

Rogers Communications Inc on Wednesday pulled its 2020 forecast due to uncertain economic conditions as a result of the coronavirus outbreak.

The telecom operator’s revenue for first quarter ended March 31 fell 5 per cent to $3.42 billion due to lower subscriber activity during the pandemic.

© Thomson Reuters 2020