Rogers said last week it contributed a “record” $14 billion to Canada’s gross domestic product in 2023, citing data in the company’s first economic impact assessment since its merger with Shaw in April of last year.
The cable giant’s assessment includes Rogers’s economic impact for the full 2023 calendar year, but does not include Shaw’s economic impact prior to the merger (from Jan. 1 to April 2, 2023).
The combined company supported 92,000 jobs across Canada in 2023, according to Rogers.
“Our commitment to bring more investment and innovation to Canadians was central to last year’s transformative merger. Historic investments followed, particularly in Western Canada, where Rogers did not own wireline infrastructure prior to the merger. With the merger, our Cable footprint doubled,” Rogers said in an article on its website.
Rogers’s contribution to the GDP of Canada’s four western provinces has more than tripled, growing from a combined $1.5 billion in 2021 to $4.6 billion in 2023, the company said.
In addition, Rogers paid $3.5 billion in government taxes, fees and spectrum licensing in 2023, it said.
Every year, Rogers reinvests 90 per cent of its profits back into Canada, it claimed. “In the last 10 years, Rogers and Shaw have invested over $40 billion building the world-class wireless and wireline networks of the combined company,” Rogers added.
