Brief: Rogers CEO Says Q4 Net Postpaid And Prepaid Phone Subscribers Was Down From Last Year Due To A Much Smaller Market Size As A Result Of Government Policies To Reduce 'The New To Canada' Category

Rogers Communications

30/01/2025 14:01

Jan 30 (Reuters) - Rogers Communications Inc  RCIb.TO :
    * ROGERS CEO SAYS Q4 NET POSTPAID AND PREPAID PHONE
SUBSCRIBERS
WAS DOWN FROM LAST YEAR DUE TO A MUCH SMALLER MARKET SIZE AS A
RESULT OF GOVERNMENT POLICIES TO REDUCE 'THE NEW TO CANADA'
CATEGORY — CONF.  CALL
    * ROGERS CEO, ON C$7 BILLION EQUITY-FINANCING DEAL, SAYS
WILL
PROVIDE A MORE FULSOME UPDATE AT THE APPROPRIATE TIME — CONF.
CALL
    * ROGERS CFO SAYS HAVE 'SEVERAL OPTIONS' OPEN TO MAINTAIN
INVESTMENT GRADE RATINGS  — CONF. CALL
    * ROGERS CEO SAYS HAVE THOUGHT ABOUT SOME OF BROADER
MACROECONOMIC
FACTORS THAT COULD IMPACT US, INCLUDING SOME OF THE RECENT
DISCUSSIONS AROUND TARIFFS WITH U.S. — CONF. CALL
    * ROGERS CFO SAYS C$7 BILLION EQUITY-FINANCING IS A COMPLEX
TRANSACTION, WILL NOT MAKE PREDICTIONS ON WHEN DEAL WILL CLOSE 
— CONF. CALL
    * ROGERS CFO, ON C$7 BILLION EQUITY-FINANCING DEAL, SAYS WE
HAVE
MADE SOME PROGRESS AND HAVE WORK TO DO — CONF. CALL
    * ROGERS CEO, ON MLSE DEAL, SAYS CRTC APPROVAL SEEMS TO BE A
LITTLE SLOWER THAN WE ANTICIPATED  — CONF. CALL
    * ROGERS CEO SAYS TOO DIFFICULT & SPECULATIVE TO TRY TO
GUESS,
WHAT IF THERE IS A NEW GOVERNMENT, WHAT THEIR POLICIES MIGHT BE
AND HOW FAST THEY IMPLEMENT IT — CONF. CALL
    * ROGERS CEO SAYS SPORTS AND ENTERTAINMENT ASSETS CONTINUE
TO GROW
AT DOUBLE-DIGIT RATES IN TERMS OF VALUE — CONF. CALL


Further company coverage:  RCIb.TO 

 ((Reuters.Briefs@thomsonreuters.com;))