Rogers Comm Stock Price, News & Analysis

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.

Rogers Communications (TSX: RCI.A, RCI.B; NYSE: RCI) has initiated consent solicitations to amend indentures governing various US and Canadian dollar-denominated notes, including those originally issued by Shaw Communications. This move relates to a newly announced subsidiary equity investment partnership with Blackstone.

The company plans to use the proceeds primarily for debt repayment. While Rogers believes the subsidiary equity investment doesn't constitute debt by the indentures, they are seeking noteholder consent to clarify this interpretation. The investment will be reported as equity in Rogers' consolidated statements and is expected to receive equity treatment from major rating agencies.

The consent solicitations expire on April 15, 2025, with holders of record as of April 3, 2025, eligible to participate. Consenting holders will receive US$1.00 or CAD$1.00 per $1,000 principal amount, depending on the note denomination.

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.