Rogers Communications Inc.

Who controls Rogers Communications?
The Rogers family, through the Rogers Control Trust, controls approximately 97% of the voting rights in Rogers Communications through Class B shares. Edward Rogers serves as Chairman. Tony Staffieri serves as President and CEO.

Is Rogers Communications publicly traded?
Yes, Rogers is listed on the Toronto Stock Exchange (RCI.A, RCI.B) and the New York Stock Exchange (RCI).

What happened with the Rogers network outage in 2022?
In July 2022, Rogers experienced a major network outage that affected approximately 12 million Canadians for approximately 19 hours. The outage was caused by a software update to the core network. Rogers paid approximately CAD $150 million in customer credits and faced significant regulatory scrutiny.

Did Rogers acquire Shaw Communications?
Yes, Rogers completed its acquisition of Shaw Communications in April 2023 for approximately CAD $26 billion. As a condition of regulatory approval, Rogers divested Shaw's Freedom Mobile wireless business to Videotron.

Does Rogers own the Toronto Blue Jays?
Yes, Rogers Communications has owned the Toronto Blue Jays MLB baseball team since 2000. Rogers also owns Rogers Centre, the Blue Jays' home stadium in Toronto.

Rogers Communications traces its origins to Ted Rogers Sr., who founded a radio station in the 1920s and developed the world's first alternating current radio tube. His son, Ted Rogers Jr., built the modern Rogers Communications empire.

Ted Rogers Jr. acquired CHFI-FM, a Toronto radio station, in 1960 with partner Joel Aldred. Rogers expanded into cable television in the 1960s, acquiring cable franchises in Toronto and other Ontario communities.

Rogers became a pioneer in Canadian wireless communications. In 1985, Rogers launched Canada's first cellular telephone service, establishing itself as a leader in Canadian wireless. The company continued to expand its wireless network throughout the 1990s.

Rogers expanded aggressively through acquisitions in the 1990s and 2000s:

• Maclean Hunter (1994): Acquired for approximately CAD $3.1 billion, adding cable systems and media properties.
• Toronto Blue Jays (2000): Acquired the MLB baseball team for approximately USD $137 million.
• Rogers Centre (2004): Acquired the SkyDome stadium (renamed Rogers Centre) for CAD $25 million.
• Fido (2004): Acquired the wireless carrier for approximately CAD $1.4 billion.
• Citytv (2007): Acquired the television network.

Ted Rogers Jr. passed away in December 2008. The Rogers family, through the Rogers Control Trust, maintained voting control of the company following his death.

In 2021-2022, Rogers underwent a highly publicized governance dispute when Edward Rogers (Ted's son) attempted to replace the company's CEO and board members. The dispute played out publicly and in the courts, ultimately resulting in Edward Rogers gaining greater control over the company's board.

In 2023, Rogers completed its acquisition of Shaw Communications for approximately CAD $26 billion, one of the largest telecommunications mergers in Canadian history. The acquisition significantly expanded Rogers' presence in western Canada and added Shaw's cable and wireless operations. As a condition of regulatory approval, Rogers divested Shaw's Freedom Mobile wireless business to Videotron.

For fiscal year 2024, Rogers reported revenue of approximately CAD $15.7 billion.

Rogers experienced a major network outage in July 2022 that affected approximately 12 million Canadians, disrupting wireless, internet, and cable services for approximately 19 hours. The outage also affected interbank payment systems and emergency services in some areas. The outage was caused by a software update to the company's core network. Rogers faced significant public and regulatory criticism following the outage and was required to pay approximately CAD $150 million in customer credits.

The 2021-2022 Rogers family governance dispute, in which Edward Rogers attempted to replace the CEO and board members, played out very publicly and damaged the company's reputation for governance.

The Shaw Communications acquisition faced significant regulatory scrutiny from the Competition Bureau of Canada, which initially opposed the merger. The acquisition was ultimately approved after Rogers agreed to divest Freedom Mobile to Videotron.