The Globe and Mail reports in its Thursday edition that Rogers's stock jumped more than 13 per cent Wednesday to $51.21 after the company said it plans to reduce spending by a third this year, in part by cancelling or delaying infrastructure projects in light of "significant regulatory hurdles" that its chief executive officer noted "impede investment." The Globe's Irene Galea writes that Rogers is planning to reduce 2026 capital expenditures by 30 per cent -- as much as $1.2-billion -- compared with last year when it spent $3.7-billion. Executives said it will do so through a combination of cancelled and deferred projects and by finding efficiencies. It is "no longer realistic to sustain the same level of capital investment" after a cycle of major spending, CEO Tony Staffieri told shareholders at the company's annual meeting in Toronto on Wednesday. The reductions are expected to be spread across the company's networks, its information technology systems and general capital expenditures. Executive chair Edward Rogers criticized the government's approach to Internet access, which he said forces the company to provide below-cost network access to its competitors, as well as wireless policies that "undermine innovation."