Results for: Rogers Communications

A Shaw outage in northwest Calgary affected approximately 5,000 customers on Tuesday, marking the second outage in May. According to a Rogers Communications spokesperson, a fiber cut caused by vandalism and suspected copper wire theft was responsible for the disruption. The outage impacted several neighborhoods, including Balmoral, Brentwood, Bridgeland, and more. Vandalism-related outages are reportedly increasing rapidly year over year, and repair times can be extended due to the severity of the damage.

Rogers Communications has outperformed Wall Street expectations for first-quarter wireless subscriber additions, driven by the rapid growth of Canada’s immigrant population. The company’s total of 98,000 net monthly bill-paying wireless phone subscribers exceeded analysts’ estimates of 77,530. This increase in demand is attributed to the influx of temporary foreign workers and immigrants who are bolstering the country’s population. Canada’s population reached a record high of 40.77 million in 2023, with an exceptional growth of 3.2% compared to the previous year. Rogers’ financial performance also saw a positive trend, with its free cash flow increasing by 58% to C$586 million. This metric is closely monitored by investors to assess the company’s dividend payouts.