ROGERS COMMUNICATIONS Business Summary

Rogers Communications Inc. operates as a vertically integrated communications and media powerhouse, primarily generating revenue through recurring subscription fees across its Wireless, Cable, and Media segments. As of early 2026, the Wireless division remains the company's largest revenue driver, contributing approximately 48% of total turnover, while the Cable segment provides high-speed internet and television services following the full integration of Shaw Communications. The Media segment has expanded significantly to account for 20% of revenue, bolstered by the 2025 acquisition of Bell’s stake in Maple Leaf Sports & Entertainment (MLSE), which granted Rogers majority control over the Toronto Maple Leafs and Toronto Raptors. Rogers maintains a dominant market-leading position within Canada’s telecommunications oligopoly, competing directly with BCE Inc. (Bell), TELUS Corporation, and Quebecor Inc. (via Freedom Mobile). Founded in 1960 by Ted Rogers, the company remains under the governance of the Rogers family via the Rogers Control Trust. The current executive leadership is led by President and CEO Tony Staffieri, a former CFO who has steered the company through its historic Shaw merger and subsequent deleveraging phase. Key leadership includes Mark Kennedy as Chief Technology Officer, overseeing the national 5G and fiber-to-the-home expansion, and Navdeep Bains as Chief Corporate Affairs Officer. The Board of Directors is chaired by Edward Rogers and includes notable figures such as former Shaw CEO Bradley Shaw and Lead Director Robert Gemmell. Major institutional backing is provided by firms like FIL Limited and Royal Bank of Canada, though the dual-class share structure ensures the Rogers family retains ultimate strategic control.