Rogers Communications, Shaw Communications to proceed with merger

Rogers Communications Inc. and Shaw Communications Inc. announced their historic merger is expected to close prior to the outside date of April 7, 2023 after receiving final regulatory approval. These merger commitments build on the two companies’ 50+ years of investing in Canada and Canadians. Over the past 10 years alone, Rogers and Shaw have invested over $40 billion building the world-class networks of the combined company. The Rogers-Shaw merger builds on the deep investment legacies of JR Shaw and Ted Rogers, two of Canada’s greatest entrepreneurs. Rogers reaffirmed the company’s merger commitments, including: Investing $1 billion to improve connectivity for rural, remote, and Indigenous communities and unserved remote highways in Western Canada; Investing $2.5 billion to expand and upgrade Rogers 5G network for consumers and businesses in Western Canada; Investing $3 billion in technology and network services in Western Canada, including modernizing and expanding fibre-powered internet; Creating 3,000 new jobs in Western Canada to support the multi-billion-dollar investment in networks, services, and technology; Maintaining a Western Canada headquarters in Calgary; Expanding our low-cost Connected for Success Internet program to eligible Canadians across Western Canada; Introducing a new low-cost Connected for Success wireless program nation-wide for eligible Canadians; Honouring a five-year price commitment for Shaw Mobile customers