Rogers Communications (RCI) Stock News, Apr-Jul 2025

Rogers Communications (NYSE:RCI) has completed the acquisition of BCE's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, becoming the majority owner with a 75% interest in MLSE. The transaction, funded through revolving bank credit facilities and cash on hand, closed on July 1, 2025, after receiving all regulatory and league approvals.

The deal strengthens Rogers' position in Canadian sports, complementing its existing portfolio that includes the Toronto Blue Jays, Rogers Centre, and Sportsnet. Rogers has invested over $15 billion in Canadian sports over the past decade and maintains strategic partnerships with the NHL through 2037-2038, as well as with the Vancouver Canucks, Edmonton Oilers, and Calgary Flames.

Rogers Communications (NYSE:RCI) has scheduled its second quarter 2025 financial results release for Wednesday, July 23, 2025, before North American markets open. The company will host an investment community teleconference at 8:00 a.m. ET to discuss the results and outlook.

Investors can access the teleconference via webcast on Rogers' investor relations website or by dialing 416-639-5883 (1-844-282-4459 toll-free for Canada/USA) with passcode 3793238#. A replay will be available for two weeks by calling 1-855-669-9658 with access code 2621280#.

Blackstone (NYSE: BX) has completed a CDN$7 billion equity investment in Rogers Communications through its Credit & Insurance division (BXCI). The investment involves acquiring a non-controlling stake in a new Rogers subsidiary that owns part of the company's wireless backhaul transport infrastructure. The investment consortium includes major Canadian institutional investors: CPP Investments, La Caisse, PSP Investments, BCI, and IMCO. The deal represents Blackstone's strategy of providing capital solutions to major corporations while offering unique investment opportunities. BXCI's Infrastructure and Asset Based Credit platform manages over $90 billion and employs more than 70 investment professionals.

Rogers Communications has successfully closed a CDN$7 billion equity investment transaction with Blackstone and leading Canadian institutional investors. The deal involves Blackstone acquiring a non-controlling stake in a new Rogers subsidiary that owns part of the company's wireless backhaul transport infrastructure. Rogers will maintain full operational control of its network and continue to consolidate the subsidiary's financial results. The investment group includes major Canadian institutions such as CPP Investments, La Caisse, PSP Investments, BCI, and IMCO. The proceeds will be used to reduce Rogers' debt, demonstrating the company's commitment to deleveraging its balance sheet while unlocking value from its infrastructure assets.

Rogers Communications (RCI) has received CRTC approval to acquire Bell's interest in NBA TV Canada, marking the final regulatory clearance needed for Rogers' broader acquisition of Bell's stake in MLSE. The C$4.7 billion deal, announced in September 2024, will make Rogers a 75% owner of MLSE. The company has already secured approvals from major sports leagues including NHL, NBA, CFL, MLS, and AHL, as well as the Competition Bureau. CEO Tony Staffieri emphasized that live sports and entertainment are central to Rogers' business strategy, with the deal expected to close in early July.

Rogers Communications (NYSE: RCI) has secured all major league approvals to acquire Bell's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion. The approvals from NHL, NBA, CFL, MLS, and AHL will allow Rogers to become a 75% owner of MLSE. The deal, announced in September 2024, has already received Competition Bureau clearance and now only awaits CRTC approval for acquiring an additional indirect interest in Toronto Raptors Network Ltd. CEO Tony Staffieri emphasized that live sports and entertainment are crucial to Rogers' core business strategy as Canada's leading communications company.

Rogers (RCI) has expanded its Xfinity TV service to become Canada's largest television content provider, adding over 150 international channels in more than 20 languages. This expansion brings the total channel count to 480+, offering diverse programming including live news, sports, and entertainment.

The new international channels are available in Free Preview until June 17, 2025, after which customers can subscribe to specific channels and theme packs. According to a survey, 84% of multilingual Canadians consider in-language content important for maintaining cultural connections. The service integrates traditional TV content with streaming services, featuring an award-winning voice remote for enhanced user experience.

Rogers Communications (TSX: RCI.A, RCI.B; NYSE: RCI) held its Annual General Meeting of Shareholders on April 23, 2025, where shareholders voted on key business items. The meeting saw strong participation with 97.67% of Class A Voting shares represented for director elections.

All 14 director nominees were successfully elected with overwhelming support, each receiving over 99.96% of votes in favor. Notable directors elected include Edward S. Rogers, Tony Staffieri, and Bradley S. Shaw.

Additionally, shareholders approved the appointment of KPMG LLP as the Company's auditors with 99.994% of votes in favor, based on a 97.70% turnout of Class A Voting shares.

Rogers Communications (TSX: RCI.A and RCI.B, NYSE: RCI) has announced a quarterly dividend of 50 cents per share on its Class B Non-Voting shares and Class A Voting shares. The dividend will be paid on July 3, 2025 to shareholders of record as of June 9, 2025.

The company has updated its Dividend Reinvestment Plan, announcing that additional Class B Shares will be purchased on the open market with no discount. This marks a change as the Plan previously allowed for potential discounts when shares were issued from treasury.