Right now, the Rogers family is publicly acting out a Games of Thrones-style power struggle for control of the telecom giant.1
Their backstabbing and infighting as members of the board have been plastered over social media and the news for weeks, in plain view of the public, shareholders, and government officials alike. Moody’s Investors Service has even labelled the Rogers governance debacle as “materially credit negative” in light of the chaos.2,3
This kind of dangerous instability puts all of our connectivity at risk — ESPECIALLY with the Rogers-Shaw buyout still on the table. Rogers is already responsible for managing too much of Canada’s home Internet and wireless services;4 if they’re allowed to purchase Shaw, they will be the country’s largest provider by far. That means more power over the Internet for Rogers than any other telecom company in the country.
No single provider should have that kind of power over our connectivity, but especially not one that treats its governance like a TV drama. Edward Rogers’ victory on Friday over the independent board of directors’ confirms what we knew all along — this is a family empire, not a business.5 Stable, affordable Internet access is too important to be used as a pawn in this family dynasty’s game. It’s up to our government to make sure that it isn’t.
Even before the current family battle royale, the Rogers-Shaw sale was a gigantic threat to the future of affordable connectivity in Canada. We’ve published a helpful blog that explains why, but it isn’t that complicated — fewer competitors always means higher prices and fewer choices for us.6
Canada’s Innovation Minister has the authority to block this buyout and cancel the unstable Rogers family’s plans to rule over more of our Internet. Sign the petition to Minister Champagne: Stop the Rogers-Shaw deal NOW, and demand more Internet choice and affordability for people in Canada!