This acquisition, anticipated to shut subsequent yr, will give Rogers a majority management of main sports activities groups, together with the Toronto Maple Leafs, Toronto Raptors, Toronto Argonauts, and Toronto FC.
Tony Staffieri, Rogers’ president and CEO, mentioned, “As Canada’s communications and leisure firm, dwell sports activities and leisure are core to our enterprise technique.”
For the third quarter ending September 30, Rogers posted income of $5.13bn, up from $5.09bn in the identical interval final yr.
On an adjusted foundation, the corporate reported earnings of $1.42 per diluted share, in comparison with $1.27 per share a yr earlier. Analysts had anticipated $1.36 per share, in accordance with LSEG Knowledge & Analytics.
Rogers additionally reported a web improve of 101,000 postpaid cell phone subscribers throughout the quarter, although this marked a 55.1 % drop from the 225,000 web additions in the identical interval final yr.
