Rogers Communications Inc cut its full-year sales and core earnings forecasts on Wednesday, as the Canadian company’s revenue from sale of additional data packages took a hit from customers switching to its new unlimited data plans. It expects the revenue decline from customers shifting to the unlimited plans to be spread over four to five quarters, compared with its earlier expectation of six to eight quarters. The company’s unlimited data plan, Rogers Infinite, launched late in the second quarter, has about 1 million subscribers. …read more
Source:: Yahoo Finance
