NEW YORK, N.Y. - Rogers Communications Inc. says consumers and businesses will make fewer voice calls on smartphones and connected devices but increase their data usage going forward.
CEO Nadir Mohamed says 40 per cent of Rogers' wireless revenues now come from the use of data, driven by access to the Internet.
Mohamed was speaking at the UBS global media and communications conference today in New York.
The Rogers CEO says there will be fewer voice calls going forward as smartphone users make the switch to using data.
He also says that Rogers (TSX:RCI.B) has almost 800,000 devices connected to its network, such as parking meters, and expects these kinds of connections to continue to be a source of growing revenue.
Mohamed also notes that mobile commerce, which Rogers launched last month with CIBC, will also grow in the coming years as consumers use their smartphones to pay for transactions.
Rogers is Canada's largest wireless carrier with 9.4 million subscribers.