Rogers CEO says more types of wireless device will be source of revenue

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MONTREAL - The head of Rogers Communications expects wirelessly connected hydro meters and other devices will be a big source of revenue in the near future.

Rogers chief executive Nadir Mohamed told a Montreal lunch group in a speech that this market will grow to more than $400 million of annual revenue for the industry by 2015.

He says Rogers is working with Quebec insurance provider Industrial Alliance to track and identify good driver behaviour.

Rogers is also working with ski resort Mont-Tremblant to track students out on the slopes.

The Toronto-based company (TSX:RCI.B) has 9.4 million subscribers for its wireless services, making it Canada's leading mobile phone company.

Organizations: Rogers Communications, Industrial Alliance, TSX

Geographic location: MONTREAL, Quebec, Mont-Tremblant Canada

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