As previously reported, Canaccord upgraded Shaw Communications (SJR) to Buy from Hold and downgraded Telus (TU) to Hold from Buy as analyst Aravinda Galappatthige updated his views on the Canadian wireless market. Since the initial introduction of unlimited in the market, he has seen a "consistent stream of promotions and counter promotions" and he thinks this is potentially leading to different economics than perhaps originally envisaged by the incumbents, in particular Rogers Communications (RCI) and Telus, Galappatthige tells investors. Periods of increased activity and adjustment can open the door for the challenger brands to step up, which was a factor in his upgrade of Shaw, along with the company's reduced exposure to wireless in the second half compared to its telecommunications peers, the analyst noted. Galappatthige raised his price target on Shaw shares to C$30 from C$28 and trimmed his target on Telus shares to C$50 from C$52.

Amazon (AMZN), Rogers Communications (RCI), and the National Hockey League announced a "milestone two-year agreement" in Canada to bring hockey fans Monday night NHL hockey exclusively on Prime Video. "Prime Monday Night Hockey will stream all national regular season Monday night NHL games in English for the 2024/25 and 2025/26 NHL seasons. The deal is the NHL's first exclusive national broadcast package with a digital-only streaming service in Canada. The Prime Monday Night Hockey package, produced by Prime Video, will feature a new broadcast team offering in-depth analysis and play-by-play coverage, and stream live exclusively to Prime members in Canada," the companies stated.

Reports Q1 revenue C$4.901B vs C$3.835B last year. "We continued to deliver industry-leading growth in the first quarter, our ninth straight quarter of growth and momentum," said Tony Staffieri, President and CEO. "At the one-year milestone of the Shaw merger, more Canadians continue to choose Rogers than any other carrier and we're one year ahead of our synergy targets. I am proud of our team and I remain confident in our future."