Rogers Communications Ord Shs Class A T.RCI.B

Primary Symbol: T.RCI.A Alternate Symbol(s): RCI | RCIAF

Communication Services Telecom Services

Rogers Communications Inc. is a wireless, cable, and media company. The Company provides connectivity and entertainment to Canadian consumers and businesses across the country. The Company also has a portfolio of media properties, which includes sports media and entertainment, television and radio broadcasting properties, multi-platform televised and online shopping and digital media. Its wireless segment provides wireless telecommunications operations for Canadian consumers and businesses. Its cable segment is engaged in cable telecommunications operations, including Internet, television, and other video, satellite, telephony, and smart home monitoring services for Canadian consumers and businesses, and network connectivity through its fiber network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services. Its media segment offers a diversified portfolio of media properties, including specialty channels, digital media, and others.

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Rogers Communications Ord Shs Class A

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Post by Dibah420on Nov 05, 2021 5:58pm

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Post# 34094483

Breaking

November 5, 2021

BREAKING NOW

Edward Rogers can replace independent directors at Rogers Communications, B.C. Supreme Court judge rules

COLE BURSTON/GETTY IMAGES

Edward Rogers can replace independent directors at Rogers Communications, B.C. Supreme Court judge rules

ALEXANDRA POSADZKI

TELECOM REPORTER

A B.C. Supreme Court judge has ruled that Edward Rogers can replace five of the independent directors of Rogers Communications Inc. without holding a shareholder meeting, giving Mr. Rogers full control of Canada’s largest wireless carrier.

The decision comes after weeks of intense conflict that erupted after Mr. Rogers attempted to unseat CEO Joe Natale. Mr. Rogers, who is the chair of the family trust that controls the Toronto-based telecom, was subsequently ousted as the chair of the company’s board.

The legal drama, which is playing out in the middle of the telecom’s $26-billion takeover of Shaw Communications Inc., has drawn hundreds of pages of court documents that contain conflicting views on everything from Mr. Natale’s performance to how the wishes of the company’s late founder, Ted Rogers, should be interpreted.

The decision handed down by Justice Shelley Fitzpatrick on Friday means that Mr. Rogers’s move to replace five of the company’s independent directors with his own slate of candidates through what’s known as a shareholder resolution is valid.