AT&T: The telecom giant has been leaning on its 5G rollouts and plans that are usually cheaper than rivals such as Verizon to appeal to more budget-conscious consumers and drive growth in the competitive U.S. market.
In Canada, rising population driven by temporary foreign workers and immigrants has sparked demand for companies such as Rogers Communications, even as it faces fierce competition from BCE and Telus Corp.
Canada's Rogers Communications forecast strong annual free cash flow after topping estimates for quarterly wireless subscriber additions on Thursday, as a surge in immigration boosted demand for its wireless and internet services. Canada has been seeing a steady rise in immigration as it welcomes more people in a bid to grow its population and boost economy - increasing demand for Rogers' plans aimed at newcomers. The country targeted 465,000 new residents in 2023 and has a goal of 485,000 in 2024 and 500,000 in 2025 - a move that analysts have said will benefit the country's big three carriers - Rogers, BCE and Telus.