|Bid||60.58 x 0|
|Ask||60.60 x 0|
|Day's Range||60.23 - 60.85|
|52 Week Range||50.68 - 65.72|
|Beta (5Y Monthly)||0.31|
|PE Ratio (TTM)||19.36|
|Forward Dividend & Yield||2.00 (3.30%)|
|Ex-Dividend Date||Mar. 09, 2021|
|1y Target Est||69.50|
Should investors buy into Rogers Communications (TSX:RCI.B)(NYSE:RCI) prior to the upcoming regulatory review of its acquisition? The post 2 Big Reasons Why the Rogers-Shaw Deal Might Be in Jeopardy appeared first on The Motley Fool Canada.
Building 12 new towers to close key gaps along Highway 16, between Prince Rupert and Prince George, including three provincial highway rest stopsBuilding seven new towers along Highway 14 from Sooke to Port Renfrew, including Wi-Fi coverage at the Sombrio Rest AreaRogers continues its commitment in B.C. to bridge the digital divide, create new jobs, and support the local economy VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Today, Rogers announced that it is expanding its wireless network in B.C., including 5G, to provide reliable connectivity along Highway 16 and Highway 14 for the British Columbians, workers and travellers that rely on these critical routes. The ability to make a call from a highway if your car breaks down or to connect to Wi-Fi at a local rest stop, is incredibly important. At Rogers, it is understood that this is not a nice-to-have, it’s a need-to-have, and no more so than along Highway 16, known as the Highway of Tears. Rogers is committed to doing its part to solve for connectivity along this corridor, and acknowledges the number of women, many of whom are Indigenous, that have gone missing or have been found murdered along this stretch of Highway. “Rogers is proud to be investing in British Columbia to build critically needed 5G networks to bridge the digital divide, including across rural, remote, and Indigenous communities,” said Dean Prevost, President, Connected Home and Rogers for Business. “With these investments announced today, in collaboration with the B.C. Government and the Government of Canada, Rogers is providing improved safety and reliable connectivity for those who depend on Highways 16 and 14, while creating new jobs and supporting the economy of B.C.” For Highway 16 - Rogers, alongside their 5G partner Ericsson, will build 12 new cellular towers to close key gaps and provide additional cellular coverage between Prince Rupert and Prince George, providing essential connectivity to those who use this Highway every day. This project will provide 252kms of new highway cellular coverage closing key gaps that remain along this corridor, so that there will be continuous coverage along all 720km of this northern highway through to Prince George. Rogers will also provide coverage to three provincial highway rest stops along Highway 16 located at: Boulder Creek, Basalt Creek and Sanderson Point. Work on this infrastructure expansion begins in the spring of 2021 and is expected to continue through to October 2022. For Highway 14 - seven new cellular towers will be built by Rogers to provide additional network coverage along the route from Sooke to Port Renfrew. This new highway coverage, as well as a Wi-Fi Hotspot at the Sombrio Rest Area, will provide essential connectivity to those who live, work and visit in this area of Vancouver Island. Construction begins this spring and is estimated to be complete by October 2021. These expansions are made possible by leveraging financial support from the provincially funded Connecting British Columbia program, administered by Northern Development Initiative Trust. Together, Rogers and the B.C. government, alongside the Government of Canada, are bridging the digital divide to enhance safety, and connectivity in the region. These initiatives are part of Rogers’ ongoing commitment to expand service and improve connectivity for underserved rural, remote and Indigenous communities in the West, and across Canada. The Rogers team is excited about future plans in Western Canada, and our agreement to combine Rogers Communications with Shaw Communications, which will enable us to invest $6.5 billion to build critically needed 5G networks, connect underserved rural and Indigenous communities, and bring added choice to customers and businesses. When the transaction between Rogers and Shaw is complete, we will be creating up to 3,000 net new jobs in the West, including more than 1000 in British Columbia. And the company will continue to build on that work to bridge the digital divide, and strengthen communities throughout Western Canada, with our proposed $1 billion fund dedicated to connecting rural, remote and Indigenous communities. There is a strong link between mobile broadband adoption and economic development; Ericsson’s research indicates that, on average, a 10 percent increase in mobile broadband penetration, causes a 0.8 percent increase in GDP1. The ability to scale and make 5G a reality for all Canadians, as well as close the connectivity gap, has never been more important - we recognize the critical importance of our services to Canadians. 5G is also the most energy-aware standard, with advanced features to manage energy consumption and meet the increasing traffic demands2, making it the ideal network technology for rural Highways. Rogers continues to make network and innovation investments throughout British Columbia, including recent network sites in West Kelowna and Osoyoos, and upgraded towers across Okanagan, Cariboo, Central and Northern B.C. and on Vancouver Island. The Company has also recently announced a collaboration with the Métis Nation British Columbia, and a new innovative solution in collaboration with InDro Robotics, a BC drone company. In 2020, Rogers collaborated with the Cowichan Valley school board to put iPads in the hands of B.C. students and families during the COVID-19 pandemic. The Company has also partnered with additional Indigenous communities in B.C., such as Nisg̱a’a Nation, and Witsuwit’en Village (Witset First Nation). Rogers owns and operates Citytv, OMNI BC, as well as ten radio stations across the province. We employ more than 1700 team members in B.C. across customer solutions, sales, retail, network and technology, media, corporate roles and more. Rogers has also announced that it will bring 350 new jobs into the local economy by 2021 through its B.C. customer solution centre in Kelowna. Rogers has invested over $30 billion over the past 35 years to build Canada’s most trusted and reliable wireless network3. In 2020, the company was awarded the best wireless network in Canada for the second year in a row by umlaut, the global leader in mobile network testing and benchmarking. Rogers is also ranked number one in the West and Ontario in the J.D. Power 2020 Canada Wireless Network Quality Study. A recent 2020 Ookla Speedtest report found Rogers wireless network delivers the most consistent speeds of any national wireless network in Canada. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We have grown to become a leading technology and media company that strives to provide the very best in wireless, residential, sports, and media to Canadians and Canadian businesses. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). If you want to find out more about us, visit about.rogers.com. For more firstname.lastname@example.org 1 Mobile broadband enhances economic development https://www.ericsson.com/en/cases/2019/boosting-gdp-through-mobile-broadband2 Network energy performance https://www.ericsson.com/en/about-us/sustainability-and-corporate-responsibility/environment/product-energy-performance3 Most Reliable based on umlaut performance benchmark audit of Canadian mobile networks, June 2020; Most Trusted based on total wireless subscribers
Looking to invest in 5G? Here's why Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) could be the best way to do so right now. The post Today’s Top 5G Buy: Rogers Communications appeared first on The Motley Fool Canada.