Rogers Communication Earmarks C$10B In AI, Oversight Following Outage

  • Rogers Communication, Inc RCI looks to invest C$10 billion ($7.74 billion) over the next three years in Artificial Intelligence (AI) and more testing and oversight.
  • Earlier this month, Rogers suffered a glitch disrupting services from flights to banking and emergency 911 calls.
  • The update came weeks after Rogers' network issues caused widespread disruptions across the country.
  • The Canadian government has also ordered a probe and demanded telecom companies agree within 60 days to develop communication protocols, Reuters reports.
  • EO Tony Staffieri acknowledged progress on a formal agreement between carriers to automatically switch 911 calls to each other's networks, even for an outage on any carrier's network.
  • He disclosed physically separating wireless and internet services to create an 'always on' network.
  • Price Action: RCI shares traded higher by 0.41% at $46.97 on the last check Monday.
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