Rogers Communications trimmed its 2024 capital‑expenditure outlook to a range of C$2.5 billion‑C$2.7 billion, down from the prior C$3.3 billion‑C$3.5 billion band. The cut arrives as Canadian telcos grapple with sluggish subscriber growth and a regulator keen on curbing cost overruns. Scotiabank analyst Maher Yaghi said the reduction shields investors from potential “socialisation” of wireless spending and should lift free‑cash‑flow expectations.

TD Cowen’s Vince Valentini called the revised guidance a “pleasant surprise,” noting that free‑cash‑flow forecasts now sit between C$4.1 billion and C$4.3 billion, versus the earlier C$3.3 billion‑C$3.5 billion window. The analyst expects the stronger cash profile to buoy Rogers’ share price, which has slipped roughly 13 % YTD despite the sector’s broader pressure.

Across the tech corridor, GE Vernova’s electrification arm reported a surge in data‑center orders, pushing its backlog to roughly $42 billion, up from about $9 billion at 2022 year‑end. CEO Scott Strazik highlighted that first‑quarter orders alone eclipsed the full‑year 2025 forecast, signalling accelerating demand for power‑intensive infrastructure and widening growth avenues for the unit.

Investors will weigh Rogers’ tighter capex plan against the broader telecom dividend narrative, where higher free‑cash‑flow often translates into stronger yields. Meanwhile, the data‑center boom bolstering GE Vernova underscores a shift toward infrastructure‑heavy revenue streams, offering a counterbalance to the headwinds hitting traditional wireless operators.