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Rogers Communication (RCI) announces that it has activated 5G service for its customers at every Toronto Transit Commission subway station.
Rogers Communications' (RCI) third-quarter 2023 results reflect revenue growth in Wireless, Cable and Media businesses.
Rogers Communications (TSX:RCI.A) reported strong year-over-year revenue and profit growth for the third quarter on record mobile phone customer additions during the period. During the three months, Rogers said it added 225,000 postpaid mobile phone customers, the best quarter on record and about 27% more than expected by analysts suggesting the company has benefitted from Canada's strong immigration.
Although the revenue and EPS for Rogers Communication (RCI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Canada's Rogers Communications met Wall Street estimates for third-quarter revenue on Thursday, as a rise in immigration to the country supported demand for the firm's wireless and internet services.
Communications stocks continue to have a difficult run. Over five years, the S&P 500 Communication Services index has gained 39%.
Canada's Rogers Communications said on Thursday it is pricing in a C$3 billion ($2.19 billion) bond offering to repay short-term debt and other borrowings.
Rogers Communication (RCI) is set to receive nearly $10 million from Canada's Competition Bureau.
Rogers Communication (RCI) reported earnings 30 days ago. What's next for the stock?
Rogers Communication (RCI) introduces 5G connectivity in tunnels and stations of Toronto Transit Commission's Downtown U area.