Rogers Comm Stock Price, News & Analysis

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.

Rogers Communications (TSX: RCI.A, RCI.B; NYSE: RCI) reported positive Q1 2025 financial results with 2% growth in both total service revenue ($4,447M) and adjusted EBITDA ($2,254M). The company achieved a consolidated adjusted EBITDA margin of 45% and net income increased 9% to $280M.

Key operational highlights include 57,000 combined mobile phone and Internet net additions, with mobile phone ARPU at $56.94. Media revenue surged 24% to $596M, boosted by a new 12-year NHL rights agreement. The company announced a significant $7 billion minority equity investment from Blackstone, expected to reduce debt leverage ratio from 5.2x to 3.6x.

Rogers maintained strong liquidity of $7.5B and generated free cash flow of $586M. The company removed the discount on dividend reinvestment plan shares and declared a $0.50 per share dividend.

Rogers Communications (TSX: RCI.A, RCI.B; NYSE: RCI) has successfully received the required consents to amend indentures governing multiple series of senior notes. The amendments aim to clarify that the company's planned subsidiary equity investment is permitted and doesn't constitute a default under applicable indentures.

The consent solicitations expired on April 15, 2025, at 5:00 p.m. ET. Rogers will execute supplemental indentures for each series of notes, with consent fees to be paid upon the subsidiary equity investment's consummation, expected in Q2 2025.

The amendments cover both US and Canadian dollar-denominated notes, including those originally issued by Shaw Communications. The changes will align certain non-financial terms of Shaw Notes with other Canadian dollar-denominated Rogers notes.