Rogers reveals buyer, structure of $7B deal for stake in its network infrastructure

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 […]

Rogers Sells $5 Billion Network Stake to Pension-Backed Blackstone Funds

Rogers Communications Inc. agreed to sell a stake in its wireless network to funds managed by Blackstone Inc. in a C$7 billion ($4.9 billion) equity deal backed by four Canadian pensions.

Rogers finalizes $7-billion infrastructure sale to Blackstone, pension funds

Rogers is selling a 49.9% equity interest in its wireless unit in an innovative financing that’s expected to pave the way for similar deals among debt-heavy domestic telecoms

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…

Rogers concludes definitive agreement for CDN$7 billion equity investment

Proceeds will be used to repay debt Expects debt leverage ratio to be reduced by 0.7x following the close of the transaction Rogers will maintain full...

Rogers finalizes wireless network deal, reveals more stakeholder details

By Ahmad Hathout Rogers announced Friday it has finalized an agreement to sell for $7 billion a 49.9 per cent stake in a portion of its wireless traffic transport infrastructure through a subsidiary to pay down debt. The investors will be led by American asset manager Blackstone and include the Canada Pension Plan Investment Board,... Read more »