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Rogers Communications Inc. (RCI)

NYSE - NYSE Delayed Price. Currency in USD
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38.84+0.22 (+0.57%)
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Chart Events
Neutralpattern detected
Previous Close38.62
Open38.53
Bid12.15 x 800
Ask45.33 x 800
Day's Range38.11 - 38.90
52 Week Range32.20 - 51.29
Volume226,997
Avg. Volume578,425
Market Cap19.802B
Beta (5Y Monthly)0.26
PE Ratio (TTM)13.88
EPS (TTM)2.80
Earnings DateN/A
Forward Dividend & Yield1.52 (3.94%)
Ex-Dividend DateSep 08, 2020
1y Target Est54.02
  • GlobeNewswire

    Rogers announces comprehensive $3 billion investment proposal to benefit Quebec

    Rogers unveils investments to honour Cogeco’s legacy, expand rural connectivity, accelerate 5G coverage to 95% of Quebecers and create hundreds of highly skilled jobs with new tech innovation hubMONTREAL and TORONTO, Sept. 25, 2020 (GLOBE NEWSWIRE) -- After 35 years of building in Quebec, Rogers today unveiled a $3 billion investment proposal to bring connectivity, jobs and economic growth to Quebec should it be successful in its bid to acquire Cogeco’s Canadian assets. “Rogers is deeply committed to the future of innovation and the knowledge economy in Quebec. We would be honoured to help enhance the customer experience and bring new investments including 5G that will fundamentally reshape the economic landscape of Quebec,” said Joe Natale, President and CEO, Rogers Communications. “This is about the future, and helping ensure that Quebec’s ambitions around innovation, connectivity, health and education advancements are fully realized.”Building off its base of 3,000 Quebec employees and nearly two million Quebec customers, Rogers new plans would include:Growing jobs and powering economic growth: * Investing a total of $3 billion in Quebec over the next five years, which includes $1.5 billion in network investments; * Ensuring 5,000 jobs in Quebec for a combined Rogers/Cogeco entity; * Maintaining Cogeco’s headquarters in Montreal with a Quebec President leading its business in Quebec;      * Maintaining the Cogeco brand in Quebec; and * Continuing relationships with local suppliers and contractors. Driving a made-in-Quebec innovation agenda: * Expanding the rollout of 5G throughout Quebec, with a commitment to having 95% of the population covered over the next five years; and * Establishing a tech innovation hub in Quebec, which would create up to 300 highly skilled new technology jobs as a Centre of Excellence in artificial intelligence, software engineering and digital technology.Expanding rural connectivity and enhancing the customer experience: * Building on Cogeco’s rural expansion commitments and establishing a rural connectivity partnership with the Quebec government to reach an additional 100,000 households. * Upgrading services for existing Cogeco customers with the roll-out of Rogers next-generation connected home services, including Ignite Internet - the foundation of the home - that offers a personalized WiFi experience with the Ignite WiFi Hub; leading IPTV service with Ignite TV; Ignite SmartStream, a streaming platform that incorporates the most popular apps with voice search; and Smart Home Monitoring that allows customers to secure and control their home from anywhere.Promoting culture and community partnerships: * Continuing Cogeco’s existing community partnerships and launching a new student technology scholarship program; * Continuing to sponsor major sporting and cultural events, including exploring ways to bring more major events to Quebec; and * Establishing a French language training fund for Rogers employees outside of Quebec. “We understand the importance of reaffirming our strong commitment to Quebec,” said Natale. “Rogers stands ready to be Quebec’s partner in building world-class networks to help make it a global leader in technology and innovation.”Over the last 10 years, Rogers has invested more than $2 billion in its wireless network in Quebec and offers wireless services across the province. In January, Rogers started the rollout of Canada’s first and largest 5G network in Montreal, and expanded the Rogers 5G network to Quebec City, Gatineau and Trois Rivières earlier this month.Last year, a PwC study commissioned by the company indicates that Rogers investments and operations resulted in a total economic footprint in Quebec of over $2.7 billion of output, including over 11,000 full-time jobs generated and supported.About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We have grown to become a leading technology and media company that strives to provide the very best in wireless, residential, sports, and media to Canadians and Canadian businesses. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). If you want to find out more about us, visit about.rogers.com.For further information: media@rci.rogers.com, 1-844-226-1338

  • GlobeNewswire

    Rogers and City of Fredericton Launch First 5G Network in Atlantic Canada

    Rogers 5G network, powered by Ericsson, expands to Fredericton, making it the first in Atlantic Canada Ignite Fredericton’s 5G enabled Cybersecurity Innovation Lab at Knowledge Park will drive innovation, in partnership with CyberNBNext generation 5G network technology will drive productivity, fuel innovation and power New Brunswick’s economy to compete FREDERICTON, New Brunswick, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Rogers Communications and the City of Fredericton today announced 5G is now available on Canada’s most trusted and reliable network in Fredericton, New Brunswick. Rogers 5G network, powered by Ericsson, is the largest in Canada, now in more than 60 cities and towns across the country and reaching more markets by year-end.¹   Rogers has also partnered with Ignite Fredericton on providing 5G to its Innovation Lab at the Cyber Centre in Knowledge Park, which will be run by CyberNB."As we expand into Fredericton, over time our 5G technology will transform the way we live, work, and do business in New Brunswick," said Matt MacLellan, President of Atlantic Region, Rogers Communications. “We are proud to work with the City of Fredericton to bring 5G to the city. Strong digital infrastructure and this next generation technology are critical to fuel productivity and innovation as we power out of the pandemic.”Building on the company’s national roll out, Rogers 5G network will bring consumers and businesses the very best in wireless technology to neighbourhoods and business parks.“In partnership with Rogers and Fredericton Innovation Partnership stakeholders, we are thrilled to jointly announce Fredericton’s digital evolution as ‘Atlantic Canada’s First 5G City’!” said Mike O’Brien, Mayor, City of Fredericton. “As part of a multi-year telecommunications partnership, the City has been working with Rogers since November 2019 to bring 5G to Fredericton as part of their national roll-out.  There will be tremendous impact, enabling our entrepreneurs, students and researchers, to develop robust edge applications, solutions and applied research.” “On behalf of the Government of New Brunswick, congratulations to Rogers Communications and the City of Fredericton on reaching this important milestone,” said Blaine Higgs, Premier, Province of New Brunswick. “The launch of the first 5G network in Atlantic Canada will benefit our employers and our citizens in ways we haven’t even yet imagined, opening up new possibilities for innovation and advancement.”Expected to be the most transformative technology since wireless services were introduced in 1985, 5G will deliver real-time connectivity leading to a truly digitally connected world. Rogers 5G is accessible to customers on Rogers Infinite plans and the Rogers for Business Unlimited Data plan with select 5G-ready devices. More than two million Canadians are now on Rogers Infinite unlimited data plans, representing the most customers of any wireless provider in Canada with no overage fees. Customers can purchase new devices at $0 and 0% interest with Rogers Device Financing.Over time, 5G will introduce new capabilities that are significantly more advanced than previous generations of wireless technology. With ultra-low latency, the lag between sending a request and the network responding will theoretically drop to one millisecond, 400 times faster than the blink of an eye. This will allow for a massive increase in the number of connected devices and a range of capabilities and applications that require quick responsiveness. From network slicing to give first responders a dedicated network, to wireless sensors that monitor farmers’ soil conditions saving them time and money, to using virtual reality that enhances the retail customer experience, to multi-player lag-free gaming on the go – 5G will deliver a world of possibilities.“Rogers 5G enablement of CyberNB’s Innovation Lab at the Cyber Centre is the perfect complement to the ecosystem that we are building in Fredericton around critical infrastructure protection,” said Larry Shaw, CEO, Ignite Fredericton and Knowledge Park. “5G will fuel innovation in cybersecurity to ensure digital resilience and drive collaboration between industry, government, and academia at Cyber Centre.”Wireless industry investments in 5G networks are expected to contribute an estimated $40 billion to the country’s economy and 250,000 permanent new jobs by 2026. Rogers has invested over $30 billion over the past 35 years to build Canada’s most trusted and reliable wireless network. In 2020, the company was awarded the best wireless network in Canada for the second year in a row by umlaut, the global leader in mobile network testing and benchmarking.About Rogers Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We have grown to become a leading technology and media company that strives to provide the very best in wireless, residential, sports, and media to Canadians and Canadian businesses. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). If you want to find out more about us, visit about.rogers.com.Media contactsRogers Communications, media@rci.rogers.com, 1-844-226-1338 City of Fredericton, wayne.knorr@fredericton.ca, 506-474-33891 Most Reliable based on umlaut performance benchmark audit of Canadian mobile networks, June 2020; Most Trusted based on total wireless subscribers 2 https://www.accenture.com/_acnmedia/PDF-112/Accenture-Accelerating-5G-in-Canada-PoV-2019.pdfzoom=50