TSX:RCI.BWireless Telecom
Rogers Voluntary Buyouts Reshape Cost Base And Investor Risk Reward Profile
Rogers Communications has launched one of the largest rounds of voluntary buyouts in Canadian telecom history.
The program offers departure and retirement packages to roughly half of its workforce.
The move is part of a wide cost cutting effort that follows earlier capital expenditure reductions.
For investors watching TSX:RCI.B, this decision comes with the share price at about CA$49.33 and a mixed recent track record. The stock is up 9.4% over the past week and 44.9% over the past year,...