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Rogers has secured a significant investment, while Airtel Zambia is expanding its network in collaboration with IHS. Additionally, Deutsche Telekom has entered into a deal with Google, marking notable developments in the telecommunications sector.
Rogers Communications will issue a $0.347 dividend to shareholders of record on March 10th, reflecting an annualized dividend of $1.39 and a yield of 5.12%. The company has a payout ratio of 59.48% and currently holds a "Hold" rating among analysts, with a consensus target price of $61.75. Recent institutional investments include a 57.1% increase in holdings by Charles Schwab Investment Management.
Rogers Communications has received a consensus rating of "Hold" from analysts, with one sell, five hold, and two buy ratings. The company operates in Canada across Wireless, Cable, and Media segments, and recently reported earnings of $1.04 per share, exceeding estimates. Institutional investors hold 45.49% of the stock, with significant changes in holdings noted during the fourth quarter.
Barclays has downgraded Rogers Communications to "Equal Weight" and BCE Inc to "Underweight" due to ongoing challenges in Canada's telecom sector, including price wars and weak growth. The competitive landscape, exacerbated by aggressive pricing strategies and lower immigration levels, has left the sector vulnerable, with concerns over high leverage and unsustainable dividends. Despite recent sell-offs, Canadian telcos continue to trade at a premium compared to their U.S. counterparts, indicating limited optimism for recovery.
The NHL's Canadian media rights deal, valued at $5.2 billion over 12 years, is set to expire after next season, prompting expectations for a new agreement that could double that amount. With the rise of streaming, the NHL may seek both traditional and streaming partners, potentially pairing Rogers with Amazon, which has already begun airing exclusive hockey games. As negotiations approach, the landscape has shifted significantly since 2013, emphasizing the need for a modern approach to media rights.
The average NHL team is now valued at $1.92 billion, reflecting a significant rise due to steady revenue growth, a hard salary cap, and a revenue-sharing system. For the 2023-24 season, the league"s hockey-related revenue reached $6.3 billion, an 8.6% increase from the previous year, with record national sponsorship and gate receipts contributing to improved profitability across all franchises.
Blackstone Inc. is nearing a C$7 billion ($5 billion) deal to acquire a minority stake in parts of Rogers Communications Inc.'s wireless infrastructure. This structured-equity transaction aims to help Rogers manage its debt as it pursues a 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc.
Rogers Communications Inc., Canada’s largest wireless provider, is nearing a C$7 billion ($5.1 billion) structured equity investment to enhance its network and alleviate debt. The Toronto-based company has secured a non-binding term sheet with an unnamed leading global financial investor, while maintaining operational control of its networks.
Rogers Communications Inc.
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