Rogers Communications

At the TMT conference 2026, Rogers Communications presented a plan emphasizing monetization of its sports and media division, stable cable revenues and a selective mobile strategy. The company plans to acquire Kilmer Sports & Media, consolidate sports assets with Sportsnet and privately place the combined unit by early 2027 to reduce debt. Capex will be cut by about 30% to USD 2.5–2.7 billion and project timelines extended, while the focus will be on service revenues, EBITDA and free cash flow. Additional measures include securitizing up to USD 1 billion of Rogers Bank receivables to ease the balance sheet and adopting a more cautious customer‑growth strategy in mobile due to ongoing price pressure. » More on de.investing.com

Rogers Communications placed subordinated bonds on the U.S. and Canadian markets with a total value of about USD 1.59 billion: U.S. issuances of over USD 1 billion (two tranches of USD 500 million each at 7.150% and 7.400%) and a Canadian private placement of CAD 600 million at 6.000%, all maturing in 2057. Net proceeds are expected to be about USD 990 million from the U.S. bonds and roughly CAD 595 million from the Canadian bonds and will be used to (partially) repay existing subordinated bonds maturing in 2081 and 2082. The closing of both issuances is expected on September 23, 2026, and is subject to customary conditions. » More on de.investing.com

Rogers shares rise in pre-market trading after a re-assessment of the Q2 results published on Tuesday. The company reported adjusted EPS of $0.92 and revenue of $216.8 million, both above analyst expectations, and issued a Q3 outlook (EPS $1.10–$1.30; revenue $233–$243 million) that significantly beats consensus. Despite short-term supply-chain issues and a production interruption, adjusted EBITDA improved to $37.6 million and gross margin increased to 32.5%. Rogers swung from a net loss a year earlier to a net profit of $13.6 million in Q2 2026, and CEO Ali El-Haj expects continued improvement in the metrics. » More on de.investing.com

Rogers has struck a 12-year sublicense agreement with Prime Video to broadcast national NHL Wednesday games in English and French in Canada starting in the 2026/27 season. Prime Video will also receive exclusive rights to selected Stanley Cup playoff series; at least 26 regular-season games are to be available to Prime members at no additional cost. Sportsnet will continue to hold exclusive rights to more than 500 national games per season; the sublicense is part of a previously announced 12-year media deal with the NHL. The announcement lifted Rogers’ stock by roughly 5%. » More on de.investing.com

Rogers Communications agreed to a twelve-year sublicense with Amazon Prime Video that, starting in the 2026/27 season, gives Prime Video exclusive rights to Wednesday-night national NHL games in Canada as well as selected playoff series. Under the deal, Sportsnet will continue to hold the exclusive English-language rights to more than 500 national games per season, so Rogers’ core position is not weakened. Investors view the deal as an important lever to monetize the sports-rights portfolio; the stock rose about 5.1% in trading. Rogers recently reported strong Q2 results and confirmed its full-year guidance, including service revenue growth and expected free cash flow. » More on de.investing.com