Core Insights - The deployment of 5G Standalone (5G SA) networks has significantly increased the number of communications service providers (CSPs) offering differentiated connectivity models, particularly through network slicing [1][2][4] Group 1: 5G Standalone Deployment - More than 90 CSPs have launched or soft-launched 5G SA networks, marking an increase of approximately 30 CSPs from the previous year and 20 from the June 2025 report [2] - 118 cases of network slicing have been identified across 56 CSPs, with 65 of these cases moving into commercial services [2][3] - In 2025, 21 out of the 65 commercial offerings were launched, indicating a strong trend towards commercial deployment [3] Group 2: Future Projections - The November 2025 Ericsson Mobility Report forecasts that global 6G subscriptions will reach 180 million by the end of 2031, with significant early uptake expected in leading markets [5][6] - Enhanced mobile broadband is projected to exceed 6.4 billion 5G subscriptions by the end of 2031, accounting for about two-thirds of all mobile subscriptions [6][9] - By the end of 2025, 5G subscriptions are expected to surpass 2.9 billion, representing about one-third of all current mobile subscriptions, with a year-on-year increase of 600 million [7] Group 3: Data Traffic and Connectivity - Mobile network data traffic grew by 20% from Q3 2024 to Q3 2025, driven primarily by growth in mainland China and India, with an annual average growth forecast of 16% through 2031 [8] - By the end of 2025, 5G networks are expected to manage 43% of all mobile data, up from 34% the previous year, with a forecast increase to 83% by 2031 [10] - Approximately 1.4 billion people are expected to access Fixed Wireless Access (FWA) broadband by the end of 2031, with 90% of this access via 5G [10]

Summary of Rogers Communications Conference Call Company Overview - **Company**: Rogers Communications (RCI) - **Date**: September 03, 2025 - **Speakers**: CEO Tony Staffieri, CFO Glenn Brandt Key Points Wireless Business - **Pricing Environment**: The pricing environment in Canada has seen a significant step down over the past 18-24 months, with little change despite fluctuations [3][4] - **Revenue Outlook**: Continued growth in service revenue is expected, with a focus on balancing market share and Average Revenue Per User (ARPU) [4][5] - **New Price Plans**: Implementation of new price plans has been successful, with a shift from data bucket sizes to other differentiating factors [5][6] - **Add-a-Line Strategy**: There is an opportunity to increase penetration in terms of lines per account, following the U.S. model [6][7] - **Roaming Value Proposition**: New constructs for roaming have been well received in the marketplace [7][8] - **Back to School Promotions**: Promotions during the back-to-school season were more price disciplined compared to previous years, indicating a stable pricing environment [8][9] Bundling Strategy - **Bundling Benefits**: The bundling of wireless and cable services is seen as a way to solidify customer relationships and reduce churn [17][19] - **Convergence Focus**: Future bundling strategies will focus on seamless integration of 5G and in-home WiFi [19][20] - **Market Expansion**: The acquisition of Shaw has allowed Rogers to expand its footprint and offer bundled services in new territories [20][21] Fixed Wireless Access - **Market Opportunity**: Fixed wireless access is aimed at covering the 40% of homes not served by cable, with a focus on rural areas [21][22] - **Sustainable Business Model**: The fixed wireless access model is viewed as sustainable, with network slicing technology ensuring no impact on mobile users [29][32] - **Growth Metrics**: The fixed wireless access is becoming increasingly material to net adds in the Internet segment [26][24] Satellite Mobile Service - **Launch of Service**: A satellite mobile service was launched in partnership with Starlink, with good initial demand [34][35] - **Market Coverage**: The service aims to cover areas with no existing cellular coverage, significantly increasing Rogers' market reach [36][39] - **Revenue Model**: The economic construct with Starlink is not a revenue share model but is expected to provide incremental margins [37][39] Cable Business - **Revenue Growth Strategy**: Post-acquisition of Shaw, the cable business is focused on organic growth, particularly in Internet services [44][50] - **Margin Improvement**: Margins have improved from 50% to 58-59% due to operational efficiencies and direct content purchasing [51][52] - **Business Segment Growth**: Strong growth is observed in the business segment, leveraging the expanded national footprint [48][50] Sports and Entertainment Assets - **MLSE Acquisition**: Rogers is consolidating its ownership of the MLSE assets, with a focus on maximizing value for shareholders [62][66] - **Valuation of Assets**: The estimated value of Rogers' sports and entertainment holdings is around CAD 15 billion, with significant cash flow potential [68][69] - **Leverage Management**: Progress in integrating Shaw has helped reduce leverage, allowing for strategic investments in sports assets [64][70] Future Outlook - **Capital Investment**: A gradual decline in capital intensity is expected, driven by revenue growth and reduced investment needs [55][57] - **Synergy Opportunities**: There are substantial opportunities for revenue and cost synergies from the integration of sports and entertainment assets [82][83] Additional Insights - **Market Position**: Rogers holds a competitive position in the Canadian market, leveraging its diverse service offerings to enhance customer relationships [42][44] - **Technological Advancements**: The company is focused on utilizing advanced technologies, such as AI, to enhance customer engagement and service delivery [80][81]

Group 1: Core Developments - T-Mobile US, Inc. has partnered with Disney Studios StudioLAB to enhance movie production using its 5G technology, addressing challenges of traditional video production methods [1] - The standalone 5G network from T-Mobile effectively resolves issues related to high costs, limited flexibility, and extensive physical infrastructure in video production [2] - T-Mobile's 5G capabilities were pivotal during the production of Disney's "Lilo & Stitch," enabling real-time transmission of high-quality footage and seamless collaboration among remote teams [3] Group 2: Market Context - The U.S. wireless market is highly competitive, with T-Mobile facing pressure from competitors that have greater resources, which may impact its ability to attract and retain customers [4] - T-Mobile is diversifying its business by exploring new use cases for its 5G offerings, particularly in the media and entertainment industry, which is increasingly adopting 5G for real-time content transfer and remote collaboration [5] Group 3: Stock Performance - T-Mobile's shares have increased by 54.6% over the past year, outperforming the industry growth of 34.1% [6]