In a bid to offer high-speed wireless connection to
) 3G-based PlayStation Vita,
Rogers Communications Inc.
) - the second largest telecom operator in Canada, intends to
collaborate with Sony's subsidiary Sony Computer Entertainment
Canada. The wireless connectivity will be available for a price of
$299 this fall.
Rogers' wireless connection will enable the PlayStation Vita
users to stay hooked with the game wherever they feel like. Faster
3G network service will also offer better gaming experience to the
users and will also allow them to play online games with their
friends while on the move. Simultaneously they can update their
latest scores on different social network sites.
Rogers will be offering two different monthly plans of 250 MB
and 5 GB to PlayStation Vita users costing $15 and $35,
respectively. PlayStation Vita users can easily activate their data
plans through Rogers SIM card integrated within the device which
also allows better wireless connectivity and easy payment interface
support to its users.
In the recently concluded second quarter, Rogers Communications
reported dismal results, where both its top and bottom lines fell
short of the Zacks Consensus Estimates. Consequently, in order to
improve its top-line growth, the company is continuously launching
different 3G/4G wireless devices, which we believe will boost its
profitability in the upcoming days. As of now, the company is also
involved in a lot of media-related business acquisitions, which
will aid in strengthening their media business.
Rogers Communications Inc. has a Zacks #3 Rank, implying a
short-term Hold rating. Considering the fundamentals, we maintain
our long-term Neutral recommendation on the stock.
ROGERS COMM CLB (RCI): Free Stock Analysis
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