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July outage, Shaw financing costs, to blame for Rogers profit drop

News | 11/09/2022 5:24 pm EST
Tony Staffieri, President and Chief Executive Officer, Rogers Communications Inc., scrums with media after appearing before the Standing Committee on Industry and Technology on July 25, 2022, to answer questions about the massive Rogers service outage on July 8, 2022./ photo by Andrew Meade

Rogers Communications Inc.’s profit fell 24 per cent for the three months ending Sept. 30, compared to last year, with customer credits and the Shaw Communications Inc. transaction to blame for the shortfall.

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