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 (TSX: RCI.A and RCI.B; NYSE: RCI) reported strong Q2 2024 results, with total service revenue up 1% and adjusted EBITDA up 6%. The company added 188,000 mobile phone and Internet net additions in Q2, leading the industry. Wireless service revenue increased 4% with a 65% margin, while Cable adjusted EBITDA grew 9% with a 57% margin. Despite significant investments, leverage remained steady at 4.7.
Rogers reaffirmed its 2024 outlook, projecting total service revenue growth of 8-10%, adjusted EBITDA growth of 12-15%, capital expenditures of $3.8-4.0 billion, and free cash flow of $2.9-3.1 billion. The company continues to focus on network expansion, product innovation, and customer acquisition to drive growth and shareholder value.
Rogers Communications (TSX: RCI.A, RCI.B; NYSE: RCI) will release its Q2 2024 financial results on July 24, 2024, before North American markets open. The results will be available via newswire and on the company's investor relations website. A live webcast of the teleconference to discuss these results and future outlook will take place at 8:00 a.m. ET the same day. Interested parties can join the call through the provided phone numbers and passcodes. Following the call, an archive will be available online, along with a two-week telephonic re-broadcast.
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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