Rogers Wireless Reports Q3

Network revenue, which excludes equipment sales, increased 13.3% and operating profit increased 30.5% from the third quarter of 2001. The operating margin expanded to 30.4% from 26.6% in the prior year as revenue growth outstripped the modest increase in operating expenses.

Wireless postpaid net activations of 71,400 voice subscribers in the quarter represented an increase of 29% from the previous year, driven by the combination of increased gross activations and lower churn levels. Average monthly postpaid churn for the quarter declined to 2.03% from 2.20% the previous year.

Postpaid wireless voice net additions in the quarter represented 80.5% of total wireless voice net additions, an increase from 48.8% in the third quarter of 2001. The Company continued to de-emphasize its prepaid product, resulting in 17,300 net prepaid additions, a 70% decline in net prepaid additions from the third quarter of 2001.

Postpaid average monthly revenue per subscriber of $57.97 remained relatively unchanged from the third quarter of 2001, reflecting the Company's success in attracting a greater share of high valued customers and stabilized pricing.

Wireless voice subscriber base increased by 14.1% from the third quarter of 2001, to end the quarter with approximately 3,209,000 voice subscribers.

Data and two-way messaging revenues, including mobile Internet access increased 97.2% from the previous year's quarter, driven by a 77.4% year-over-year increase in total data and two-way messaging subscribers.

Rogers Wireless continued to introduce exciting new GSM/GPRS devices in the quarter, including models with colour screens and cameras, that helped drive activations on the new GSM/GPRS network. The Company ended the quarter with over 260,000 subscribers on the GSM/GPRS network.

In September 2002, the Company used US$19.7 million of proceeds derived from the unwind of certain cross-currency interest rate exchange agreements to repurchase US$33.9 million aggregate principal amount of US dollar-denominated long-term debt, resulting in a net gain on the repayment of long term debt of $22.8 million. "Rogers Wireless has now delivered four consecutive quarters of double- digit EBITDA growth, driven by accelerating revenue growth as well as focused cost containment at the Company", said Nadir Mohamed, President and CEO of Rogers Wireless. "And our customer mix and churn results clearly reflect our focus on attracting and retaining profitable customers by providing innovative services and solid value." Rogers Wireless Communications Inc.