BCE tumbles to 11-year low after US$3.6 billion Ziply deal [BNN Bloomberg (Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: BNN Bloomberg
Canada's largest telecommunications company will pay $5 billion (US$3.6 billion) for Northwest Fiber LLC, which does business as Ziply Fiber and has 1.3 million locations in Washington, Oregon, Idaho and Montana, with plans to expand to more than 3 million in the next four years, according to a statement Monday. The company will fund most of the deal with the proceeds from the sale of its stake in Maple Leaf Sports & Entertainment Ltd., the owner of the Toronto Maple Leafs and other sports franchises, to Rogers Communications Inc. That transaction was announced in September. BCE executives told analysts that with the two deals, they were trading a minority stake in a sports asset for a business that's in their area of expertise and can open up new growth prospects. Chief Executive Officer Mirko Bibic didn't rule out the possibility the company will do more such transactions. “This transaction is a bold approach to growth, anchored to what we do best in a business we know really
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RCI
Earnings
- 10/24/24 - Beat
RCI
Sec Filings
- 11/12/24 - Form SC
- 10/24/24 - Form 6-K
- 10/24/24 - Form 6-K
- RCI's page on the SEC website