Recent Updates — RCI
Rogers Communications completed its acquisition of the remaining 25% interest in Maple Leaf Sports & Entertainment (MLSE) from Kilmer Sports Inc. on October 1, 2026, for $4.35 billion in cash funded by short-term credit facilities, making MLSE a wholly owned subsidiary. For the third quarter ended September 30, 2026, total revenue increased 2% to C$5,443 million and adjusted EBITDA grew 1% to C$2,535 million. Net income attributable to shareholders was C$482 million, down from C$5,714 million in the prior year period due to a C$5 billion non-cash fair value gain on the MLSE investment recorded previously. The company generated free cash flow of C$1,370 million and declared a quarterly dividend of $0.50 per share. Rogers Communications operates as Canada's leading communications, sports, and entertainment company.
The Board of Directors declared a quarterly cash dividend of 50 cents per share on both Class B Non-Voting and Class A Voting shares. The dividend is payable to shareholders of record as of December 8, 2026, with payment scheduled for January 5, 2027. Rogers Communications Inc. operates as Canada’s leading communications, sports, and entertainment company.
Rogers Communications Inc. completed the acquisition of Maple Leaf Sports & Entertainment (MLSE), increasing its ownership to 100% by purchasing the remaining 25% stake from Kilmer Sports Inc. for C$4.35 billion. MLSE owns the Toronto Maple Leafs, Toronto Raptors, Toronto FC, and Toronto Argonauts, as well as Scotiabank Arena. Rogers will establish a new business unit, Rogers Sports, to integrate these assets with its existing portfolio, including the Toronto Blue Jays and Sportsnet. Keith Pelley remains President and CEO of MLSE while assuming additional accountability for Rogers Media. This transaction positions Rogers as a global communications, sports, and entertainment leader in Canada.
Rogers Communications Inc. filed a Form 6-K incorporating by reference an Underwriting Agreement dated September 9, 2026, and two Supplemental Indentures dated September 23, 2026. The agreement outlines the sale of US$500 million principal amount of 7.150% Fixed-to-Fixed Rate Subordinated Notes due 2057 (NC5 Notes) and US$500 million principal amount of 7.400% Fixed-to-Fixed Rate Subordinated Notes due 2057 (NC10 Notes). The notes are to be issued under the Base Indenture supplemented by the Fourth and Fifth Supplemental Indentures with The Bank of New York Mellon as trustee. Underwriters include BofA Securities, J.P. Morgan, MUFG Securities Americas, SMBC Nikko Securities America, and Wells Fargo Securities. Rogers Communications Inc. operates in the Canadian telecommunications and media industry.
Rogers Communications Inc. priced a U.S. public offering of US$1 billion in fixed-to-fixed rate subordinated notes due 2057, split into two series: US$500 million at 7.150% and US$500 million at 7.400%. Additionally, the company completed a Canadian private placement of Cdn$600 million in fixed-to-fixed rate subordinated notes due 2057 at a 6.000% interest rate. Net proceeds are expected to be approximately US$990 million and Cdn$595 million, respectively. The company intends to use these funds to redeem or purchase in full or in part its existing 5.00% Fixed-to-Fixed Rate Subordinated Notes due 2081 and/or the 5.25% Fixed-to-Fixed Rate Subordinated Notes due 2082. The offerings are expected to close on September 23, 2026. Rogers Communications Inc. operates in the telecommunications industry, providing wireless, wireline, and media services.