BRITISH COLUMBIA – Rogers Communications Inc. has completed its historic merger with Shaw Communications Inc.
“This is a momentous day for our customers, who will benefit from the latest services and network technology, and for our teams, who have worked so hard to get us here,” said Tony Staffieri, President and CEO, Rogers. “We’re proud to bring together these two iconic companies to deliver more value, more connectivity, and more innovation for Canadians.”
“Rogers and Shaw have been connecting Canadians for more than 50 years, and we’re thrilled to come together as one company to build on a shared legacy of investment, innovation, and entrepreneurship,” said Edward Rogers, Chairman, Rogers. “As a proud Canadian company, we’re committed to investing for Canada and Canadians for decades to come.”
Over the past 10 years alone, Rogers and Shaw have invested over $40 billion building the world-class networks of the combined company. This merger builds on the deep legacies of JR Shaw and Ted Rogers, two of Canada’s greatest entrepreneurs.
“For more than 50 years, Shaw has been a fixture in millions of homes and thousands of communities across Canada. Today, we close one chapter of our story and we open another that, together with Rogers, will see more Canadians have access to higher-quality networks and expanded connectivity to rural, remote and Indigenous communities,” said Brad Shaw, former Executive Chair and Chief Executive Officer, Shaw. “By investing in and providing Canadians with access to fast, next-generation networks, my family and the employees of the new combined company are excited to continue building on Shaw’s legacy while helping usher in a new wave of competition and innovation.”
As a result of the merger, the Shaw family has become one of the largest shareholders of Rogers. Brad Shaw and Trevor English, Shaw’s former Executive Vice President and Chief Financial & Corporate Development Officer, have been designated for nomination to the Rogers Board of Directors. They are expected to be appointed to the Rogers Board on April 4, 2023.
The merger brings together Canada’s largest 5G network with a national coast-to-coast wireline company with fibre-powered internet available to nearly 70 per cent of Canadian households.
Rogers, together with Shaw, creates one national company with the breadth of assets to create attractive bundled services nationally. Together, they will bundle more products to more Canadians, including everything from internet, television, phone, and smart home monitoring; to wireless services; credit card offers; sports and media content.
“We plan to bring together our products and services for Canadians in a way we never have before,” added Staffieri. “This is a business of scale, and we can now deliver even more value for consumers and businesses on Canada’s largest and best national network.”
The companies will maintain their Western Canada headquarters in Calgary and state that they will “add over $7 billion in GDP to the Western Canadian economy over the next five years through network investments and create 3,000 jobs in the West to support network, services, and technology investments.”
Business Examiner Staff
