TORONTO – Rogers has priced an $800 million senior notes offering.
The senior notes were priced at $999.04 per $1,000 principal amount, for an effective yield of 6.117% per annum if held to maturity. They will mature on August 25, 2040.
The net proceeds from the offering of approximately $794 million are intended to be used to help fund redemptions scheduled to come due in 2011. Closing of the offering is expected to occur on or about August 25, 2010.
www.rogers.com
Continue Reading
TORONTO – New sports channel Rogers Sportsnet One will kicks off its inaugural week of programming on August 14 with three live-events in high definition.
First up is a Barclays Premier League match between defending champion Chelsea and West Brom at 12 p.m. (ET)/9 a.m. (PT), followed by two MLB games – San Diego Padres and San Francisco Giants at 4 p.m. (ET)/1 p.m. (PT), and the Toronto Blue Jays versus the Los Angeles Angels at 8:30 p.m. (ET)/5:30 p.m. (PT).
Rogers Sportsnet One will feature over 800 hours of live-event programming. At launch, it will be available only on Rogers Cable.
In…
Continue Reading
EXTON, PA – Tony Faccia, vice president of wireline access networks at Rogers Cable, has been elected to represent Canada on the Society of Cable Telecommunications Engineers (SCTE) board of directors for 2010.
Faccia, who takes over from Rogers’ Dermot O’Carroll, will begin his two-year terms on October 19 in conjunction with the SCTE Cable-Tec Expo 2010 set for October 20 – 22 in New Orleans.
www.scte.org
Continue Reading
OTTAWA – The CRTC has extended various Canadian broadcasting licenses in order to carry them through next year’s digital transition deadline.
CBC, Canwest, CTV, and Rogers received license extensions for their respective conventional, over-the-air stations from September 1, 2010 through March 31, 2011 so that they may be considered as trial markets for the upcoming transition.
Many category 1 and 2 specialty stations and radio networks were renewed through August 31, 2011, while others – such as The Score, ATN, Teletoon and some pay TV channels – received an extension through August 31, 2012.
“The Commission intends to administratively renew the…
Continue Reading
TORONTO – Rogers Sportsnet has inked a 10-year partnership with Alberta’s two National Hockey League teams which will see the network be the clubs’ official television broadcaster and provider of digital media content through 2020.
Beginning with the upcoming 2010-11 NHL season, Rogers Sportsnet West and Rogers Sportsnet One (scheduled to launch August 14), will combine to televise at least 58 Calgary Flames and 58 Edmonton Oilers games every year for 10 seasons within the Oilers and Flames regional territory, which includes Alberta, Saskatchewan, Manitoba, Northwest Territories and Nunavut.
"Sportsnet has been a partner of both the Flames and Oilers since we…
Continue Reading
OTTAWA – Rogers Communications must make its share of payments in to the Local Programming Improvement Fund (LPIF), the CRTC has ruled.
After sending preliminary invoices to Rogers that excluded its regionally licensed systems with fewer than 20,000 subscribers, the LPIF administrator sent a revised invoice to Rogers on April 1, 2010 that included those systems. Rogers refused to pay the contributions for the regionally licensed systems with fewer than 20,000 subscribers, arguing that it met the exception for contributions, and asked for a Commission decision on the issue.
The CRTC determined that payment exceptions provided applied only at the licensee…
Continue Reading
TORONTO – Sony Canada announced Friday it is adding Rogers wireless, Internet, and cable products and services into its 62 Sony Style retail stores in Canada.
"Sony Style and Rogers are perfectly aligned in terms of fulfilling our customers’ entertainment and communication needs, and we’re so pleased that our customers are now in the position to realize significant benefits from the Sony Style/Rogers partnership," said Robin Powell, VP of the retail division at Sony Canada, in a press release. "Sony Style customers will now have unique access to the combined offerings of Sony hardware and software along with Rogers’…
Continue Reading
WINNIPEG – Craig Wireless has completed the $80 million sale of its Canadian spectrum to Inukshuk Wireless Partnership, a partnership of affiliates of Rogers Communications and Bell Canada.
The sale’s final condition was met late last week when the company received a Tier 3 broadband radio service (BRS) license covering Eastern Manitoba, including the Winnipeg region, from Industry Canada. After filing an application to transfer the license to Inukshuk, Craig said that it received the final $16.8 million of the aggregate sale proceeds.
"We are extremely pleased to announce that the final phase of the Canadian spectrum asset sale has been…
Continue Reading
MONTREAL – Canada’s largest communications company reported a 70% jump in second quarter earnings.
Chief executive George Cope also confirmed reports that Bell’s wireless division will relaunch its discount service Solo Mobile later this month in a move designed to guard share against Rogers’ new Chatr brand. On the TV front, Cope said that Bell will add IPTV as part of its bundle of services in the Montreal and Toronto markets either late this year or in early 2011.
BCE posted net earnings of $590 million for the quarter ended June 30, 2010, compared with $346 million in the same period…
Continue Reading
TORONTO and KINCARDINE – Rogers Communications has purchased Kincardine Cable, Cartt.ca has learned.
The deal closed on July 31st and employees were informed this week, according to a Rogers spokesperson. Financial terms were not disclosed.
Kincardine Cable is based in Kincardine, a town of about 12,000 on the eastern shore of Lake Huron in Ontario, approximately 225 km northwest of Toronto. The company has approximately 6,000 cable customers across 27 systems, ranging in size from 2,800 subscribers in its largest down to seven subscribers, all spread over an area spanning some 1,500 square kilometres.
The company has been an active, progressive independent cable…
Continue Reading
