US EditionRogers reveals buyer, structure of $7B deal for stake in its network infrastructure
- Rogers Communications announced a CDN$7 billion equity investment deal on April 4, 2025, with Blackstone and other Canadian investors.
- Rogers planned to repay debt and raise money through the sale of a stake in its wireless network infrastructure.
- Blackstone will acquire a 49.9% equity stake in a new Rogers subsidiary holding a portion of the wireless network assets.
- Glenn Brandt stated this deal strengthens the investment grade balance sheet by reducing borrowings and unlocking value.
- Rogers expects this investment will reduce their debt leverage ratio by 0.7x and maintain full control of its network.
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Rogers reveals buyer, structure of $7B deal for stake in its network infrastructure
TORONTO — Rogers Communications Inc. has revealed that a group led by U.S. investment management company Blackstone Inc. is the buyer in its proposed $7 billion sale of a minority stake in a portion of its wireless network infrastructure. The transaction, which Rogers originally announced in October, also includes investors such as the Canada Pension […]
·Toronto, Canada
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Rogers Communications Inc. Announces Consent Solicitations for Senior Notes to Facilitate Subsidiary Equity Investment
TORONTO, April 04, 2025 (GLOBE NEWSWIRE) — Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) (“Rogers”) today announced that it has commenced consent s…
·Canada
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