What type of business is rogers communications

Melinda Mary Rogers - Hixon. Deputy Chairman of the Board. Paulina Molnar. Interim Chief Financial Officer. New Stories. The author is a Reuters Breakingviews columnist. The opinions expressed are their own. Canadian wireless giant Rogers Communications Inc said it will not appeal the Supreme Court's decision that ruled in favour of the late founder's son, Edward Rogers, to constitute a new board.

Rogers Communications Inc on Friday reinstated ousted Chairman Edward Rogers after a court backed his petition to constitute a new board, drawing curtains on a rare public battle for the control of a Canadian company even as the family feud showed no signs of ending. A Canadian court on Friday backed a petition by former Rogers Communications Inc chairman Edward Rogers to validate a new board constituted by him, in a ruling that could result in a major management shakeup in the country's biggest wireless carrier.

A Canadian court is set to pronounce its verdict on which of the dueling boards and chairs of Rogers Communications Inc is legitimate, a dispute that has warped the country's biggest wireless carrier after a feud in the founding family erupted into the open.

A battle for control of Rogers Communication Inc's RCI board wrapped up in a Canadian court on Monday as lawyers for former chairman Edward Rogers said he had the authority to appoint a new board without an in-person shareholder meeting, while company lawyers argued due Rival factions vying for control of Rogers Communications Inc's board will face off in the Supreme Court of British Columbia on Monday seeking legitimacy for their respective sides.

Rival factions claiming control of Rogers Communications Inc's RCI board will face off in a Canadian court on Monday, after a feud in the founding family erupted into the open, weighing on the stock and raising doubts about the fate of a multibillion-dollar takeover.

The family feud for control of Canadian telecom company Rogers Communications Inc ratcheted up on Tuesday as Edward Rogers filed a court petition to validate his reconstituted board, a move swiftly challenged by his mother and sisters. Edward Rogers has filed a legal petition in a British Columbia court to validate his reconstituted board of Rogers Communications Inc, his spokesperson said on Tuesday, as a family fight over control of one of Canada's biggest telecoms companies deepens.

A battle for control of the board of Rogers Communications Inc, one of Canada's largest telecoms companies, is headed to court after rival factions claimed they were in charge following a family feud that erupted into the open.

Rogers Communications Inc said on Saturday ousted Chairman Edward Rogers' proposal to hold a board meeting this week was invalid, the latest development in a heated battle between family members at one of Canada's biggest telecoms companies.

The ousted chairman of Canada's Rogers Communications Inc laid out plans to regain control of the board in the latest twist to a feud over who should lead one of Canada's biggest telecoms companies. Quote and financial data from Refinitiv. Fund performance data provided by Lipper.

All quotes delayed a minimum of 15 minutes. Latest Trade Change Volume , Although two of his four children were active in the company as senior executives, the board of directors went outside the family to replace Rogers as president and chief executive officer.

Mohamed oversaw the explosive growth of the wireless business and played a key role in the Fido acquisition. Also in , Rogers launched a new version of Sportsnet, unveiling a five-platform sports media brand incorporating TV, radio, print, online and mobile. In February , Mohamed announced his intention to resign as CEO later in the year, and the board began looking for a new CEO with global experience.

During this period, Rogers Media made another major investment in its sports business by purchasing the rights to broadcast NHL hockey games for 12 years.

Laurence had experience in media and telecommunications , most recently as CEO of Vodafone UK, a subsidiary of the second-largest wireless company in the world. In , Laurence announced a new strategic plan, called Rogers 3. The move surprised many, given that Laurence had held the post for less than three years.

Its four main operating divisions are Rogers Wireless 58 per cent of revenue in , Rogers Cable 24 per cent , Rogers Media 15 per cent and Rogers Business Solutions 3 per cent.

At the end of , Rogers Wireless provided voice and data communications services to Rogers Cable delivers television, Internet and home phone services to 4. It also operates 55 radio stations across the country. Rogers Business Solutions works with Rogers Cable to deliver telecom, networking and data services and solutions to businesses and governments. Bonds are issued by companies, municipalities and governments to investors in exchange for money to finance specific projects.

The bond is a promise to pay the value of the loaned sum of money, as well as interest on that loan. A bond with a higher-than-normal interest rate, resulting in more money, or a higher yield, for the investor. High-yield bonds are issued by companies without a solid reputation, as they may be unable to repay the money loaned by the investor.

The amount of money that remains after a company subtracts the costs of running the business from its total revenue. Search The Canadian Encyclopedia. Remember me. Then, in the mids, Rogers set his sights on the nascent cellular telephone business, but the board of directors of Rogers Communications rejected his proposal.

Rogers reacted characteristically: he went ahead anyway, using his own money to help launch the venture. By the turn of the millennium, despite all the pessimistic predictions, Rogers Communications was one of the largest communications companies in the world. Rogers inherited some of his pioneering and entrepreneurial spirit from his father, Edward S. Rogers, Sr. At the time only 21 years old, Rogers went on to become much more than a historical footnote by inventing the radio amplifying tube, a device that revolutionized the radio industry by eliminating the need for cumbersome, leak-prone acid batteries, enabling consumers to operate their radios on alternating current.

Rogers's invention led him to found CFRB Canada's First Rogers Batteryless , which became the most popular radio station in the country, and Rogers Majestic Corporation, a manufacturing concern devoted to producing his invention. Rogers moved on to break ground in another direction in when he was granted the first license in Canada to broadcast experimental television, but eight years later, when Edward S. The younger Rogers, who preferred to be called Ted, was affected deeply by the death of his father.

Two years later, a year after earning his law degree, Rogers purchased CFTR-AM, then went on to win other radio licenses, initially using money from his parents' estate and later soliciting financial assistance from the Bank of Montreal and Toronto business leaders. By the mids, Rogers was ready to steer the Canadian communications industry in a new direction. While his father had shown himself to be an ingenious engineer, the younger Rogers was carving his niche in the communications industry as a marketer, transforming existing but little-used technology into widely sought-after services.

His entry into FM radio broadcasting had proved to be an insightful move, the first of his successful efforts to broaden the appeal of existing communications technology, but when he was awarded Canada's first cable franchise in his abilities produced success of a much higher magnitude.

After slightly more than a decade in the cable business, Rogers had established a formidable presence, constructing a cable network that had few rivals. In he made an aggressive move to bolster his company's position further when he acquired Canada's second largest cable company, Canadian Cablesystems Limited, in an unfriendly takeover.

At the same time, Rogers began collecting cable franchises in the United States. The following year he took his company public as the largest cable operator in Canada. Another leading cable company, Premier Communications Limited, was added to Rogers's stable of cable properties in two transactions during and , extending the company's coverage to British Columbia, where Premier served three urban centers.

When the deal was concluded in November, Rogers Communications' cable properties served 1. Rogers Communications' frenetic growth slowed during the early s after the acquisition of UA-Columbia, as an economic recession inflated interest rates to 20 percent between and More important was securing commanding control over emerging communications technologies, even if that goal was achieved through lackluster financial performance.

Prompted by recent developments in cellular telephone technology, Rogers began exploring the possibility of entering the business in In February of the following year he approached the company's board of directors, who, considering the financial condition of the struggling company at the time, rejected his proposal to obtain a cellular telephone license.

Rogers persevered, looking elsewhere for financial support. The future of the communications industry, as Rogers and others perceived it, entailed all communications services being transmitted via a single wire into businesses and individual residences, preferably by one company with broad communications capabilities.