BCE Tumbles to 12-Year Low After $3.6 Billion Ziply Deal [Yahoo! Finance Canada]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Canada's largest telecommunications company will pay C$5 billion ($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 announcement comes less than two months after BCE unveiled a deal to sell its stake in Maple Leaf Sports & Entertainment Ltd. to Rogers Communications Inc. for C$4.7 billion. BCE said at the time that transaction would help reduce its debt, an issue credit agencies and analysts had flagged as a problem in recent months. But BCE now says it will use those proceeds, an expected net amount of C$4.2 billion, to fund most of the Northwest Fiber deal. The company also ruled out increasing its dividend for all of 2025 — after 16 years of boosting its payout annually — and said it will raise fresh equity through a discount on its dividend reinvestmen
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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