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.
News about Rogers Communications Inc. (RCI) focuses on its role as Canada’s leading communications and entertainment company and on developments across its wireless, cable, media, and sports businesses. Investors and followers of RCI can use this news feed to see how Rogers reports on network expansion, product launches, financial performance, and capital allocation decisions.
Rogers regularly issues news releases on quarterly results, which are also filed on Form 6‑K. These earnings updates highlight metrics such as wireless service revenue, cable revenue, media revenue, subscriber additions, and margins, along with commentary on strategic priorities and financial guidance. The company also announces the timing of investment community teleconferences and webcasts where management discusses results and outlook.
Beyond financial reporting, Rogers news covers network and product initiatives, including the launch and expansion of Rogers Satellite, a satellite-to-mobile texting service that extends coverage into remote areas, and offerings such as Rogers Xfinity Pro, which adds Wi‑Fi 7‑enabled equipment and backup capabilities to its internet plans. Device-related announcements, such as the availability of new generations of iPhone, Apple Watch, and AirPods on Rogers’ 5G+ network, appear in these updates as well.
Rogers’ media and sports activities also generate frequent headlines. The company reports on the performance of its media segment, the impact of the Toronto Blue Jays season, and developments related to its controlling interest in Maple Leaf Sports & Entertainment Ltd. News releases describe fan-focused initiatives such as World Series ticket giveaways, watch parties at Rogers Centre, and customer reward programs like Rogers Beyond the Seat.
Dividend declarations, debt tender offers, and significant financing transactions, including equity investments in network subsidiaries, are disclosed through dedicated news releases and associated SEC filings. Readers who follow RCI news can track how Rogers communicates strategic moves, capital structure changes, and shareholder returns over time.
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On April 26, 2023, Rogers Communications held its Annual General Meeting (AGM) of Shareholders, where all business items were approved. Shareholders cast votes on a total of 108,903,135 Class A Voting shares, representing 97.98% of issued shares, for the election of directors. Key elected directors included Jack L. Cockwell (99.987%), Michael J. Cooper (99.989%), and Tony Staffieri (99.992%). KPMG LLP was appointed as outside auditors, receiving 99.996% approval from 108,940,015 shares. Additionally, new directors Bradley Shaw, Trevor English, and Lisa Rogers were appointed. The results reflect solid shareholder support for the company's leadership and governance.
Rogers Communications announces a groundbreaking partnership with Lynk Global to bring satellite-to-phone connectivity across Canada, enhancing wireless access for all Canadians, especially in remote areas. The initiative aims to ensure that people can reach emergency services, like 911, no matter their location. Starting in 2024, the service will initially offer SMS capabilities and later expand to voice and data services. This move builds on Rogers' commitment to public safety and complements their 5G network coverage, reaching over 2,000 communities. Successful technical tests have already been conducted in British Columbia, with plans for further testing in Atlantic Canada. The project aims to improve cellular service availability, enhancing safety for residents and visitors in remote regions.
Rogers Communications has partnered with SpaceX to launch a satellite-to-phone service across Canada, expanding connectivity to remote areas currently lacking traditional networks. This innovative service, utilizing SpaceX's Starlink satellites, will initially support SMS text services with plans to include voice and data coverage in the future. The initiative aims to improve public safety by ensuring access to vital services like 911 in distant regions. Rogers, a leader in 5G spectrum investment, will harness its national wireless spectrum to implement this technology nationwide. This venture is part of Rogers' broader commitment to enhance connectivity through significant investments, including the expansion of its 5G network and merging with Shaw.
Rogers Communications reported strong Q1 2023 results, showcasing its leadership in Wireless customer growth. Key highlights include:
- Postpaid mobile phone net additions of 95,000, an increase of 44%.
- Postpaid churn at a low 0.79%.
- Service revenue up 4% to CAD 3,314 million, with Wireless service revenue growing by 7%.
- Adjusted EBITDA rose by 7% to CAD 1,651 million.
- Net income surged 30% to CAD 511 million, and diluted EPS increased to CAD 1.00.
- Record capital expenditures of CAD 892 million, indicating significant investment in network infrastructure.
The completion of the Shaw acquisition provides Rogers with a national 5G wireless and wireline network, enhancing its competitive position across Canada.