Rogers Comm Cl A ( ($TSE:RCI.A) ) has provided an update.
Rogers Communications Inc. announced the pricing of a public offering of US$2.1 billion in fixed-to-fixed rate subordinated notes and a Canadian private placement of Cdn$1.0 billion. The proceeds from these offerings will be used to repay outstanding debt and partially fund the acquisition of BCE Inc.’s stake in Maple Leaf Sports & Entertainment Inc., a move that could strengthen Rogers’ strategic positioning and enhance its portfolio.
More about Rogers Comm Cl A
Rogers Communications Inc. operates in the telecommunications industry, providing wireless communications, cable television, telephone, and internet connectivity services primarily in Canada. The company focuses on expanding its market presence and diversifying its services, including through acquisitions.
YTD Price Performance: -7.87%
Average Trading Volume: 2,408
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$21.2B
Learn more about RCI.A stock on TipRanks’ Stock Analysis page.