TORONTO — As we head into the CRTC’s wireless policy review hearing beginning February 18, where Canada’s Big Three wireless players will be probed, prodded and panned, Rogers Communications issued a press release today reminding Canadians the company deserves praise, too.
In the Tuesday announcement, the company Ted founded says it contributed $14.1 billion directly to the Canadian economy in 2019 alone through investments in Canadian jobs, content, communities and networks.
“As a proud Canadian company, Rogers has a deep history and legacy of investing in Canada,” said Joe Natale, Rogers president and CEO, in the release. “Over the past 60 years we have invested to bring Canadians the best networks in the world. 5G is now here and we are once again investing to bring Canadians this new innovative technology on Canada’s only national network.”
Rogers has invested tens of billions of dollars in network infrastructure across Canada over the past 60 years and it re-invests 80% of its profits back into Canada every year. Last month, Rogers announced it started the rollout of its 5G network to more than 20 markets this year.
“We have some of the best networks in the world thanks to the right regulation, policy and investments,” Natale added. “Looking ahead, we need long-term policy that strikes the right balance between driving affordability and fuelling investment.”
Rogers’ 2019 investments by the numbers:
- $14.1 billion contributed to the Canadian economy
- $2.8 billion invested in capital expenditures
- $2.1 billion invested in our people and culture
- $1.1 billion paid in taxes and government fees
- $683 million invested in Canadian content and programming
- Over $60 million contributed to local communities
- More than 25,000 volunteer hours
- Over 25,000 employees working in every major Canadian city
