Cable / Telecom News

Rogers eyes move to banking

TORONTO – Rogers has applied to become a bank, focused primarily on credit, payment and charge card services, Cartt.ca has learned.A Rogers’ spokesperson confirmed that the company has applied to the Minister of Finance to become a bank under the Bank Act, but has no plans to become a full-service deposit-taking financial institution.“We routinely explore opportunities to strengthen our position as a leader and innovator in the communications industry”, wrote the spokesperson in an emailed response to Cartt.ca on Tuesday. “While our core strengths remain in communications and media, we are always looking for more ways to deliver value to...