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. reports recurring developments across its Canadian communications, sports and entertainment business. Company news includes quarterly operating results, service revenue and adjusted EBITDA trends, wireless and cable subscriber activity, free cash flow, capital spending guidance, leverage metrics, and updates tied to sports and entertainment assets.
Rogers announcements also cover dividends on its Class A Voting and Class B Non-Voting shares, annual shareholder meeting results, auditor appointments, director elections, annual report filings, satellite-to-mobile coverage, and Rogers Business offerings for small and medium-sized businesses.
Rogers Communications (TSX: RCI.A, RCI.B; NYSE: RCI) has secured a CDN$7 billion equity investment through a definitive agreement with Blackstone and leading Canadian institutional investors. The deal involves Blackstone acquiring a 49.9% equity stake (20% voting interest) in a new Canadian subsidiary that will own a portion of Rogers' wireless network, while Rogers maintains 50.1% equity (80% voting interest) and full operational control.
The transaction, expected to close in Q2 2025, will strengthen Rogers' balance sheet by reducing debt leverage ratio by 0.7x. The subsidiary is projected to distribute approximately CDN$0.4 billion annually to Blackstone in the first five years post-closing, with Rogers' average capital cost expected at 7% per annum through the purchase period. Rogers will have the right to purchase Blackstone's interest between the eighth and twelfth anniversaries of closing.
Rogers Communications and the NHL have announced a monumental $11 billion CDN national media rights agreement spanning 12 years through the 2037-38 season. The deal, starting in 2026-27, extends their strategic partnership beyond two decades.
The new agreement provides national rights across all platforms including TV, digital, and streaming for all national regular season games, playoff games, Stanley Cup Final, and special events in all languages. Notably, fans will benefit from increased access to live national games and reduced regional blackouts.
The deal includes out-of-market rights for all regional games and exclusive category sponsorship for NHL events in Canada. Rogers maintains the option for strategic sub-licensing, including national French-language rights and a single-night exclusive national package.
Rogers Communications (TSX: RCI.A and RCI.B, NYSE: RCI) has announced it will release its first quarter 2025 financial results on Wednesday, April 23, 2025, before North American markets open. The company will host a quarterly teleconference with the investment community at 8:00 a.m. ET to discuss results and outlook.
Investors can access the teleconference through:
- Live webcast at investors.rogers.com
- Dial-in: 416-639-5883 (North America toll-free: 1-844-282-4459)
- Passcode: 3793238#
The company will also hold its Annual General Meeting of Shareholders on the same day at 11:00 a.m. ET as a hybrid meeting, both in-person at 333 Bloor Street East, Toronto, and online via webcast.
Rogers Communications (TSX: RCI.A and RCI.B; NYSE: RCI) has filed its 2024 annual report with securities regulators in Canada and the United States. The report includes the company's audited annual consolidated financial statements and management's discussion and analysis (MD&A).
Notable in this year's filing is the integration of Rogers' 2024 sustainability and social impact disclosure directly into the MD&A, demonstrating the company's commitment to incorporating sustainability and social impact principles into its business operations.
The annual report is accessible through SEDAR+, EDGAR, and Rogers' Investor Relations website. Physical copies can be requested at no cost via email or phone.
Rogers Communications (RCI) has announced the pricing of two major debt offerings: a US$2.1 billion U.S. public offering and a Cdn$1.0 billion Canadian private placement of fixed-to-fixed rate subordinated notes, both due 2055. The U.S. offering consists of US$1.1 billion at 7.0% and US$1.0 billion at 7.125%. The Canadian notes carry a 5.625% rate.
The net proceeds, approximately US$2.07 billion and Cdn$989 million respectively, will be used to repay existing debt and/or fund the acquisition of BCE Inc.'s indirect ownership stake in Maple Leaf Sports & Entertainment. Both offerings are expected to close on February 12, 2025.
Rogers Communications (TSX: RCI.A, 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 April 2, 2025, to shareholders of record as of March 10, 2025.
Shareholders can opt to reinvest their cash dividends in additional Class B Shares through Rogers' Amended and Restated Dividend Reinvestment Plan (Plan). For this quarterly dividend, Class B Shares will be issued from treasury at a 2% discount from the Average Market Price. The Plan's details are available on Rogers' investor relations website, through the Plan agent, and on regulatory platforms including SEDARPLUS and SEC.
Rogers Communications reported strong financial results for Q4 2024, with total revenue reaching $20.6 billion for the full year. The company achieved 623,000 combined mobile phone and Internet net additions in 2024, leading all Canadian carriers.
Q4 2024 highlights include a 2% increase in wireless service revenue and 6% growth in adjusted EBITDA. The company reported 95,000 net postpaid and prepaid phone additions, with stable blended ARPU at $58. Cable revenue showed slight positive growth with adjusted EBITDA up 5%, while Media revenue increased by 10%.
For 2025, Rogers provided guidance projecting 0-3% growth in both total service revenue and adjusted EBITDA, with capital expenditures of $3.8-4.0 billion and free cash flow of $3.0-3.2 billion. The company also announced an agreement to acquire Bell's 37.5% stake in MLSE for $4.7 billion and is working on a proposed $7 billion structured equity investment.
Rogers (RCI) and the Toronto International Film Festival (TIFF) have announced a three-year partnership extension through 2027, with Rogers continuing as the official Presenting Partner and sponsor of the People's Choice Award. The agreement follows TIFF's successful 2024 edition, which attracted 700,000 attendees.
The partnership includes several new initiatives: Rogers will create an original content series with TIFF's Studio 9 production team and produce a 50th edition TV special for Citytv. Rogers customers will receive exclusive access to VIP red carpet experiences through Rogers Beyond the Seat program. The 50th edition of TIFF will run from September 4-14, 2025.
Rogers Communications has announced its upcoming fourth quarter financial results release scheduled for January 30, 2025. The company has revised its 2024 service revenue guidance to just over 7%, down from the previously forecasted 8-10% range, citing weakness in media revenue during Q4. All other guidance metrics remain unchanged.
The Q4 results and 2025 outlook will be released before North American markets open on January 30, followed by a management teleconference with investors at 8:00 a.m. ET. CEO Tony Staffieri noted that while media revenue was softer than expected in Q4, the company maintained industry-leading execution throughout the year.
Rogers Communications has received clearance from the Competition Bureau to proceed with its acquisition of Bell's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion. The Competition Bureau issued a 'no-action letter' on December 12, 2024, indicating it won't challenge the acquisition. The deal still requires league approvals and CRTC approval. Upon completion, Rogers will become the majority owner of MLSE, which is described as one of the most prestigious sports and entertainment organizations globally. The acquisition aligns with Rogers' core business strategy focusing on live sports and entertainment.