Rogers Communications

News Summary:

On September 17, 2026, Rogers, alongside Telus and Bell, publicly supported Ottawa's proposal for a new Canadian internet network designed to keep Canadian data and internet traffic under national control, an initiative announced by Prime Minister Mark Carney. Concurrently, Rogers extended its Mobi by Rogers bike share sponsorship in Vancouver for an additional three years, securing its naming rights on the service through 2029, with the renewal beginning in 2027. To commemorate this extension, Rogers offered 200,000 minutes of free rides for the remainder of 2026. Earlier on September 17, Rogers Communications Inc. reported strong Q2 2026 results, with consolidated service revenue increasing by 8% and adjusted EBITDA growing by 3%. The company also saw a 350 basis point decrease in capital intensity to 12.4% and completed an agreement to acquire the remaining 25% minority stake in MLSE, advancing its sports monetization strategy. Wireless and Cable segments reported adjusted EBITDA margin improvements of 70 and 10 basis points, respectively. This followed the company's Q1 2026 results, also reported on September 17, which showed total service revenue growth of 10% to $4.912 billion and adjusted EBITDA growth of 5% to $2.364 billion. In Q1, the company delivered $776 million in free cash flow, a 32% year-over-year increase, and projected a 2026 free cash flow range of $4.1 billion to $4.3 billion. Wireless and Cable adjusted EBITDA margins improved by 40 and 30 basis points, respectively, during the quarter.