Rogers Communications Inc
F:RCIB
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Rogers Communications Inc
F:RCIB
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Leifheit AG
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Rogers Communications Inc
Rogers Communications is one of Canada’s biggest telecom companies. It sells wireless phone plans, home internet, TV, and home phone service to consumers, and it also sells network and communication services to businesses and public institutions. A large part of its business comes from monthly service fees, plus sales of phones, modems, and other devices tied to those services. The company also owns media assets, including sports and entertainment brands, which help it earn money from advertising, subscriptions, and content distribution. That media side gives Rogers a role beyond a plain phone company: it can both deliver the connection and own some of the content that people watch and listen to. Rogers makes money mostly by charging customers for access to its wireless and broadband networks, and by selling equipment and related services. Its business model is built around long-term customer relationships and the need for constant investment in network infrastructure, which makes it a core utility-like player in Canada’s communications industry.
Rogers Communications is one of Canada’s biggest telecom companies. It sells wireless phone plans, home internet, TV, and home phone service to consumers, and it also sells network and communication services to businesses and public institutions. A large part of its business comes from monthly service fees, plus sales of phones, modems, and other devices tied to those services.
The company also owns media assets, including sports and entertainment brands, which help it earn money from advertising, subscriptions, and content distribution. That media side gives Rogers a role beyond a plain phone company: it can both deliver the connection and own some of the content that people watch and listen to.
Rogers makes money mostly by charging customers for access to its wireless and broadband networks, and by selling equipment and related services. Its business model is built around long-term customer relationships and the need for constant investment in network infrastructure, which makes it a core utility-like player in Canada’s communications industry.
Revenue & EBITDA Growth: Rogers saw consolidated service revenue and adjusted EBITDA both grow by 2% year-over-year, with positive results across Wireless, Cable, and Media.
Media Boost from MLSE: The acquisition of a 75% controlling stake in MLSE will significantly expand Media segment results, with 2025 pro forma revenue expected at $3.9 billion and EBITDA at $300 million.
Deleveraging Ahead of Schedule: Rogers reduced its leverage to just over 3.5x, accomplishing its post-Shaw deleveraging target nine months ahead of plan.
Updated Guidance: 2025 service revenue growth outlook was raised to 3%-5% (from 0%-3%), while EBITDA growth guidance remains at 0%-3%. Free cash flow guidance is unchanged at $3.0–$3.2 billion.
Capital Spending Down: Q2 capital expenditures were $831 million, down 17% year-over-year, with 2025 full-year CapEx expected at the low end of the $3.8–$4.0 billion range.
Wireless Market Trends: Wireless service revenue and EBITDA each grew 1%, but net wireless subscriber adds declined to 61,000 (from 162,000 last year) as market growth slowed.
Product Innovation: Rogers launched satellite-to-mobile texting and began rolling out Wi-Fi 7, aiming to improve coverage and reliability.
Regulatory Concerns: Management strongly criticized a recent CRTC decision, warning that if unchanged, it could force cuts to capital programs and threaten billions in network investment.
