With cable maturing and video subscribers drifting away, Rogers Communications (NYSE: RCI) has veered off on a path already being followed by U.S. counterparts such as Comcast (Nasdaq: CMCSA): It will start offering home security services with a twist.
"Rogers is redefining the notion of home security and taking it several steps further," Nadir Mohamed, Rogers' president-CEO said during a speech to the Economic Club of Toronto. "Many Canadians already have alarm systems in their homes protecting their valuables and their loved ones. Yet these systems currently operate on traditional phone lines and only connect with a network when an issue arises."
Rogers' system, he said, would be part of a smart home monitoring service that will "give Canadians the tools to remotely manage their homes."
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