Rogers Communications Inc.
Canadian telecommunications and media company operating wireless, cable, internet, and broadcasting services, owner of the Toronto Blue Jays.
Company Type
public
Founded
1960
Headquarters
Toronto, Ontario, Canada
Stock
TSX: RCI.A, RCI.B
About 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.
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).
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.
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.
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.
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.
History of Rogers Communications Inc.
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.
Brands Owned by Rogers Communications Inc.
Rogers Communications Inc. owns 1 brand in our database.
Stock Information
Rogers Communications Inc. Ownership: Pros & Cons
Advantages
- +One of Canada's three major wireless carriers with a large, stable subscriber base
- +Shaw acquisition significantly expanded geographic reach to western Canada
- +Sportsnet and Toronto Blue Jays provide valuable media and sports assets
- +Rogers family's voting control provides strategic stability
- +TSX and NYSE listings provide access to both Canadian and US capital markets
Considerations
- -High debt levels following the approximately CAD $26 billion Shaw acquisition
- -2022 network outage severely damaged customer trust and attracted regulatory scrutiny
- -Rogers family governance dispute raised corporate governance concerns
- -Canadian wireless market is highly regulated and competitive
- -Traditional cable TV revenue declining as consumers shift to streaming
Frequently Asked Questions About 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.
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