Rogers Communications
Canadian telecommunications company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Rogers Communication?
Summarize this article for a 10 year old
Rogers Communications Inc. is a Canadian communications and media company operating primarily in the fields of wireless communications, cable television, telephony and Internet, with significant additional telecommunications and mass media assets. Rogers has its headquarters in Toronto, Ontario.[6]
Company type | Public |
---|---|
TSX: RCI.A, RCI.B NYSE: RCI S&P/TSX 60 component | |
Industry | Telecommunications Mass media |
Predecessor | Shaw Communications (2023) |
Founded | 1960; 64 years ago (1960) |
Founder | Ted Rogers |
Headquarters | Rogers Building 333 Bloor Street East, , |
Key people |
|
Products | Landline and mobile telephony, Internet services, digital television, broadcasting, cable TV, publishing |
Revenue | CA$15.396 billion (Fiscal Year Ended December 31, 2022) |
CA$1.195 billion (Fiscal Year Ended December 31, 2022) | |
CA$1.680 billion (Fiscal Year Ended December 31, 2022) | |
Total assets | CA$55.655 billion (Fiscal Year Ended December 31, 2022) |
Total equity | CA$10.092 billion (Fiscal Year Ended December 31, 2022) |
Owner | Rogers family, through Rogers Control Trust (administered by Scotiabank) (controlling shareholder) |
Number of employees | 22,000 (2022) |
Subsidiaries | Shaw Communications (Cable & Wireless; Acquired and amalgamated; operations rebranded beginning July 2023) |
Website | www |
Footnotes / references [1][2][3][4][5] |
The company traces its origins to 1914, when Edward S. Rogers Sr. founded Rogers Vacuum Tube Company to sell battery-less radios, although this present enterprise dates to 1960, when Ted Rogers and a partner acquired the CHFI-FM radio station;[7] they then became part-owners of a group that established the CFTO television station.[8]
The chief competitor to Rogers is Bell Canada, which has a similarly extensive portfolio of radio and television media assets, as well as wireless, television distribution, and telephone services, particularly in Eastern and Central Canada. The two companies are often seen as having a duopoly on communications services in their regions, and both companies own a stake of Maple Leaf Sports & Entertainment. Rogers also competes nationally with Telus for wireless services.
Rogers Communications' acquisition of Shaw Communications in Western Canada was approved in 2023.