Welcome to our dedicated page for Rogers Comm news (Ticker: RCI), a resource for investors and traders seeking the latest updates and insights on Rogers Comm stock.
Rogers Communications Inc. (RCI) maintains Canada's largest wireless network while delivering cable, internet, and media services to millions. This dedicated news hub provides investors and stakeholders with authoritative updates on corporate developments, strategic initiatives, and market performance.
Access timely announcements including quarterly earnings, network expansion projects, and leadership updates. Our curated collection features official press releases alongside third-party analysis of Rogers' wireless innovations, media partnerships, and infrastructure investments following the Shaw acquisition.
Key coverage areas include 5G deployment progress, sports broadcasting developments through Rogers Media properties, and regulatory updates affecting Canada's telecommunications sector. All content is verified for accuracy and updated continuously to reflect the company's position in this critical infrastructure industry.
Bookmark this page for efficient tracking of RCI's market movements, service enhancements, and competitive strategies in Canada's evolving connectivity landscape. Stay informed through our comprehensive aggregation of Rogers Communications' essential business updates.
Rogers Communications reaffirmed its commitment to expand its presence in Quebec, emphasizing plans to retain Cogeco's headquarters and management team post-acquisition. The company aims to bolster its 5G network and enhance connectivity in rural areas, highlighting investments exceeding $2 billion in the province over the last decade. Rogers, marking 35 years in Quebec, currently employs about 3,000 people locally and serves nearly 2 million wireless customers. A recent study indicated Rogers' economic impact in Quebec at over $2.7 billion, supporting over 11,000 jobs.
Altice USA announced an offer to acquire 100% of Cogeco's shares, with plans to sell Cogeco's Canadian assets to Rogers Communications if the deal goes through. Altice claims the proposal offers a significant premium to Cogeco shareholders. However, Cogeco's board rejected the offer on the same day. Altice and Rogers have expressed their intent to engage further with Cogeco's shareholders and boards regarding the proposal, emphasizing its attractiveness.
Rogers Communications has announced an agreement with Altice USA to purchase Cogeco's Canadian assets for approximately $4.9 billion. This deal is contingent upon Altice USA's acquisition of Cogeco. Rogers, a long-term Cogeco shareholder, supports the Altice offer, which includes significant premiums for shareholders. The transaction aims to strengthen Rogers' market position and reach an additional 1.8 million homes and businesses. The net cash consideration for Rogers is estimated at $3.4 billion, financed through existing liquidity without the need for equity issues.
Rogers Communications has launched its Step Up to the Plate initiative in Nova Scotia, delivering food hampers that will provide over 360,000 meals for local food banks and support more than 17,000 Nova Scotians. The initiative, which began in Toronto, aims to distribute 8 million meals nationwide by summer's end. Local Rogers employees are volunteering alongside Feed Nova Scotia to help organize and distribute these hampers. This effort reflects Rogers' commitment to community support as part of its 60th anniversary celebrations.
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