Rogers sells $7bn stake in network infrastructure to reduce debt and shift strategy [Wealth Professional (Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investors.rogers.com
Company Research
Source: Wealth Professional
Rogers Communications Inc. announced it is selling a minority stake in its wireless network infrastructure for $7bn as part of a shift in strategy to pay down its debt. According to BNN Bloomberg , the sale involves a “leading global financial investor” acquiring a stake in the infrastructure that transports data from Rogers' cell towers to its core network. The deal, expected to close in the fourth quarter, was disclosed alongside Rogers' third-quarter earnings. The company reported a profit of $526m in the third quarter, a significant turnaround from the loss it experienced during the same period last year. Glenn Brandt, Rogers' chief financial officer, confirmed the company will retain full operational control of its entire national wireless network. He clarified that neither Rogers' cell towers nor its spectrum holdings are part of the agreement. The $7bn received from the transaction will be used to reduce an equivalent amount of the company's debt. In addition to th
Show less
Read more
Impact Snapshot
Event Time:
RCI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RCI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RCI alerts
High impacting Rogers Communication, Inc. news events
Weekly update
A roundup of the hottest topics
RCI
News
- CNBC Sport: The next big media rights deal isn't in the U.S. [CNBC]CNBC
- CNBC's Official NHL Team Valuations 2024: Here's how the 32 franchises stack up [CNBC]CNBC
- 1. Toronto Maple Leafs [CNBC]CNBC
- Insider Stock Buying Reaches CA$2.16m On Rogers Communications [Yahoo! Finance]Yahoo! Finance
- Taylor Swift's Toronto Shows Leveraged by Bankers, Baseball Team [BNN Bloomberg (Canada)]BNN Bloomberg
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