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Rogers Communications Inc.

Canada · NYSE: RCI · Market cap: · P/E: · P/S:

Rogers is a Canadian telecommunications and media company that sells wireless phone plans, home internet, cable TV, and owns sports teams and TV stations.

Rogers is one of Canada's big three telecom companies. It sells the thing you probably pay for every month without thinking much about it: a cell phone plan. It also sells home internet, cable TV, and landline phone service, mostly in Ontario and parts of Atlantic Canada, where it owns the cables and networks that run into people's homes.

The wireless business is the heart of the company. Rogers runs its own cellular network, which means it owns the towers, the spectrum licenses, and the equipment that connect your phone to the internet and the phone system. You pay Rogers for access, and it makes money on the monthly fee, plus extra charges like roaming or data overages. Home internet and TV work the same way: Rogers owns the pipes into the house, and customers pay a monthly bill. The company also owns a media arm that includes TV stations, radio, and the Toronto Blue Jays baseball team, plus a stake in the Maple Leafs through a holding company. That media side is smaller and more volatile than the telecom side, but it gives Rogers content and live sports that tie back to its TV and internet customers. The big story in Canadian telecom is that there are only a few players. Rogers competes mainly with BCE (which owns Bell) and Telus, and the three of them together control most of the market. That makes the business stable and profitable but also a target for regulators and politicians who worry about high prices. Rogers has been through a messy stretch recently: a major 2022 network outage that knocked out service for millions of customers, and a bitter boardroom fight within the founding Rogers family. The company also spent a huge amount to buy Shaw Communications, a western Canadian cable and internet company, in a deal that closed in 2023 after a long regulatory fight. That acquisition made Rogers bigger and gave it more customers in western Canada, but it also loaded the company with debt.


Rogers uses its steady cash flow to pay a dividend, invest in its networks (including building out 5G), and pay down the debt from the Shaw deal. The family-controlled ownership structure — the Rogers family still holds a big chunk of the voting shares — is a key fact about the company: it means management answers to the family as much as to outside shareholders. The business is simple on the surface — sell monthly connections — but the real game is owning the network and keeping customers from switching to Bell or Telus.

Saved answer · last researched 5 Nov 2026