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Rogers Communications Inc. - $RCI STOCK NEWS

Welcome to our dedicated page for Rogers Communications news (Ticker: $RCI), a resource for investors and traders seeking the latest updates and insights on Rogers Communications stock.

Rogers Communications Inc. (RCI) is a pivotal force in Canada's telecommunications and media landscape. Established in 1960, Rogers has consistently introduced innovative technology, connecting millions of Canadians coast-to-coast. The company excels in providing wireless services, high-speed internet, cable television, and landline phone services.

With over 11 million wireless subscribers, Rogers is the largest wireless service provider in Canada, accounting for one-third of the total market. The wireless segment alone generates over half of Rogers' revenue, highlighting its critical role in the company's financial health. In recent years, Rogers has bolstered its revenue through the strategic acquisition of Shaw Communications, expanding its cable segment to cover 35% of total revenue.

Beyond telecommunications, Rogers has a significant footprint in the media sector. The company owns and operates numerous television and radio stations and is a noteworthy entity in Canadian sports. Rogers is the owner of the Toronto Blue Jays and holds stakes in several major sports teams, including the Toronto Maple Leafs, Raptors, FC, and Argonauts, underscoring its deep-rooted involvement in the Canadian sports scene.

Rogers’ commitment to innovation and customer satisfaction is reflected in its continuous advancement of network technology and expansion of service offerings. Notable recent achievements include the transition to 5G networks and the integration of home monitoring systems, further enhancing value for customers.

Financially, Rogers has demonstrated robust performance, recently reporting record results for 2023. This success was driven by the strong execution of the Shaw acquisition and industry-leading performance, making Rogers the preferred carrier for Canadians for the second consecutive year.

In terms of sustainability and social impact, Rogers remains proactive, as evidenced by its 2023 Sustainability and Social Impact Report. The company champions climate change initiatives and social responsibility, with leadership figures like Ms. Martha Rogers playing crucial roles in these endeavors.

Rogers continues to form strategic partnerships to extend its reach and enhance customer experience. A recent two-year agreement with Amazon and the NHL allows more fans to access live games across multiple devices, exemplifying Rogers' innovative approach to content distribution.

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Rogers Communications announced its title partnership with Canada's only PGA TOUR Champions tournament in Calgary, formerly the Shaw Charity Classic, with a $1 million donation to kickstart fundraising. The tournament has raised over $100 million for Alberta charities and continues to support children’s charities through the Rogers Birdies for Kids program. Rogers Charity Classic tickets are now on sale for the August 16-18, 2024 event.

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Amazon, Rogers Communications, and the NHL signed a two-year agreement to bring Monday night NHL games exclusively to Prime Video in Canada starting in the 2024-25 season. Prime Monday Night Hockey will stream all national regular season Monday night NHL games in English for two seasons, marking the NHL's first exclusive national broadcast package with a digital-only streaming service in Canada.
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Rogers Communications Inc. announces the positive voting results from its Annual and Special Meeting of Shareholders. Shareholders voted for all proposed items, including director elections, auditors' appointment, and the adoption of the Directors’ Restricted Share Unit Plan. The meeting saw high participation with over 98% of Class A Voting shares voted. The appointed directors received overwhelming support, with over 99% of votes for each nominee. KPMG LLP was appointed as the auditors with almost unanimous support. The adoption of the Directors’ Restricted Share Unit Plan was also successful, with 99.95% of votes in favor.
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Rogers Communications partners with Comcast to introduce award-winning Xfinity products to Canadians, offering simplified entertainment viewing, 10G internet, storm-ready WiFi, and innovative smart home technology. The deal aims to enhance connectivity, convenience, and security for Rogers customers across Canada.
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Rogers Communications Inc. declared a Quarterly Dividend of 50 cents per share on both its Class B Non-Voting and Class A Voting shares. The dividend will be paid on July 5, 2024, to shareholders of record on June 10, 2024. Shareholders can choose to reinvest cash dividends in additional Class B Shares at a 2% discount from the Average Market Price. The detailed terms of the Dividend Reinvestment Plan are available on the company's website and through the Plan agent.
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Rogers Communications Inc. reported impressive first-quarter 2024 results, showcasing nine consecutive quarters of industry-leading growth. The company reaffirmed its 2024 financial guidance and saw significant increases in postpaid mobile phone and retail internet net adds. Rogers also achieved remarkable growth in cable and wireless services, with total service revenue up by 31% and adjusted EBITDA up by 34%. The company exceeded its synergy savings targets, demonstrated strong financial performance, and introduced innovative technologies like 5G network slicing and Rogers 5G Wireless Home Internet service.
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The Curling Group, backed by elite international curlers, is set to take over ownership of the Grand Slam of Curling from Sportsnet, with Sportsnet remaining the exclusive Canadian broadcaster. The new venture aims to elevate professional curling, enhance fan engagement, and expand the sport globally. The partnership promises to deliver a reimagined, premium experience for athletes, sponsors, and fans, with a focus on growth and innovation in the sport.
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Rogers Communications Inc. plans to release its first quarter 2024 financial results on April 24, 2024, before the North American financial markets open. The management will host a teleconference to discuss the results and outlook at 8:00 a.m. ET. The Annual and Special Meeting of Shareholders will be held on the same day, both in-person and online.
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Rogers Communications Inc. (RCI) released its 2023 annual report to shareholders, including audited financial statements, MD&A, and a sustainability report. The report is available online and in print. The company will hold its Annual and Special Meeting of Shareholders in April 2024.
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Rogers Communications Inc. (RCI) has priced a public offering of two series of US dollar senior notes with an aggregate principal amount of US$2.5 billion. The net proceeds will be approximately US$2.46 billion, which RCI plans to use to repay certain outstanding indebtedness, including borrowings used to fund its acquisition of Shaw Communications Inc. The sale of the Notes is expected to close on February 9, 2024. The Notes will be issued pursuant to a prospectus supplement and accompanying prospectus filed with the SEC as part of an effective shelf registration statement on Form F-10.
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FAQ

What services does Rogers Communications Inc. provide?

Rogers offers wireless services, high-speed internet, cable television, and landline phone services.

How many wireless subscribers does Rogers have?

Rogers is the largest wireless service provider in Canada with over 11 million subscribers.

What recent achievements has Rogers Communications reported?

Rogers reported record results for 2023, driven by the successful acquisition of Shaw and strong operational performance.

What are some key financial aspects of Rogers Communications?

Rogers’ wireless segment generates over half of its revenue, and the cable segment, bolstered by the Shaw acquisition, contributes about 35%.

What sports teams is Rogers Communications associated with?

Rogers owns the Toronto Blue Jays and holds stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.

What strategic partnerships has Rogers recently formed?

Rogers has a two-year agreement with Amazon and the NHL to bring live games to more fans across multiple devices.

How is Rogers contributing to sustainability?

Rogers' 2023 Sustainability and Social Impact Report highlights its commitment to climate change initiatives and social responsibility.

What is Rogers Communications’ role in Canadian media?

Rogers owns and operates various television and radio stations and provides extensive coverage of major sports events.

When was Rogers Communications founded?

Rogers Communications was founded in 1960.

Who are key figures in Rogers Communications’ leadership?

Important figures include Edward Rogers, Chair of Rogers Communications, and Ms. Martha Rogers, who has been a strong advocate for social and environmental initiatives.

Rogers Communications Inc.

NYSE:RCI

RCI Rankings

RCI Stock Data

20.02B
376.65M
11.29%
62.05%
1.05%
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United States of America
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