Rogers Communications Inc. (NYSE: RCI) stock embarked on a bullish trajectory during the extended trading session on Tuesday, demonstrating a remarkable surge of 13.85% to reach $42.92. This significant upturn in the valuation of RCI shares on the US stock charts appears to be directly influenced by its strategic investment in a talent acquisition program.
Rogers Communications (RCI) is awarding this year’s victor a substantial sum of $1 million, marking the most considerable cash prize ever bestowed in the annals of Canadian television. The recipient of the Million Dollar Season of Canada’s Got Talent is set to receive a life-altering award of $1 million — a milestone in Canadian television history — courtesy of Rogers Communications.
In tandem with Canada’s Got Talent, Rogers Communications is steadfast in its commitment to investing in top-tier original Canadian content while nurturing domestic talent. In the preceding year, Rogers allocated approximately $950 million to Canadian content creation and produced in excess of 12,700 hours of distinctive Canadian programming.
Recently, Rogers Communications also forged a collaborative venture with CableLabs aimed at introducing state-of-the-art technology to the Canadian populace. Situated in Calgary at the Rogers Barlow campus, CableLabs will expand its proficiency within Canada through “CableLabs North,” uniting international industry collaborators with Rogers technologists to jointly devise network technology solutions.
Collectively, these teams will pioneer innovative applications and furnish customers with seamless connectivity within their residences or workplaces. CableLabs North will focus on developing technology to deploy 5G via cable network infrastructure, facilitating even swifter speeds and heightened capacity for customers.
Rogers is additionally prioritizing the implementation of 10G, representing the next frontier in cable internet technology, promising multi-gigabit speeds up to tenfold faster than current standards, coupled with enhanced reliability and ultra-low latency. Through this collaborative initiative, Rogers Communications is poised to deliver global innovations and optimize network infrastructure for the benefit of Canadians.
Furthermore, last year saw the culmination of Rogers Communications’ transformative merger with Shaw, uniting Canada’s premier 5G network with a nationwide wireline company equipped with fiber-optic internet services accessible to over 60% of Canadian households.
