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Rogers closes CDN$7 billion equity investment transaction

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Rogers Communications has successfully closed a CDN$7 billion equity investment transaction with Blackstone and leading Canadian institutional investors. The deal involves Blackstone acquiring a non-controlling stake in a new Rogers subsidiary that owns part of the company's wireless backhaul transport infrastructure. Rogers will maintain full operational control of its network and continue to consolidate the subsidiary's financial results. The investment group includes major Canadian institutions such as CPP Investments, La Caisse, PSP Investments, BCI, and IMCO. The proceeds will be used to reduce Rogers' debt, demonstrating the company's commitment to deleveraging its balance sheet while unlocking value from its infrastructure assets.
Rogers Communications ha completato con successo una transazione di investimento azionario da 7 miliardi di dollari canadesi con Blackstone e importanti investitori istituzionali canadesi. L'accordo prevede che Blackstone acquisisca una partecipazione non di controllo in una nuova controllata di Rogers che possiede parte dell'infrastruttura di trasporto wireless backhaul dell'azienda. Rogers manterrà il pieno controllo operativo della propria rete e continuerà a consolidare i risultati finanziari della controllata. Il gruppo di investitori include importanti istituzioni canadesi come CPP Investments, La Caisse, PSP Investments, BCI e IMCO. I proventi saranno utilizzati per ridurre il debito di Rogers, dimostrando l'impegno dell'azienda nel ridurre l'indebitamento e nel valorizzare i propri asset infrastrutturali.
Rogers Communications ha cerrado con éxito una transacción de inversión de capital de 7 mil millones de dólares canadienses con Blackstone y destacados inversores institucionales canadienses. El acuerdo implica que Blackstone adquiera una participación no controladora en una nueva subsidiaria de Rogers que posee parte de la infraestructura de transporte inalámbrico backhaul de la compañía. Rogers mantendrá el control operativo total de su red y continuará consolidando los resultados financieros de la subsidiaria. El grupo de inversores incluye importantes instituciones canadienses como CPP Investments, La Caisse, PSP Investments, BCI e IMCO. Los ingresos se utilizarán para reducir la deuda de Rogers, demostrando el compromiso de la empresa con la reducción de su apalancamiento financiero y la valorización de sus activos de infraestructura.
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Rogers Communications a finalisé avec succès une transaction d'investissement en actions de 7 milliards de dollars canadiens avec Blackstone et des investisseurs institutionnels canadiens majeurs. L'accord prévoit que Blackstone acquière une participation minoritaire dans une nouvelle filiale de Rogers qui détient une partie de l'infrastructure de transport backhaul sans fil de l'entreprise. Rogers conservera le contrôle opérationnel total de son réseau et continuera de consolider les résultats financiers de la filiale. Le groupe d'investisseurs comprend des institutions canadiennes importantes telles que CPP Investments, La Caisse, PSP Investments, BCI et IMCO. Les fonds seront utilisés pour réduire la dette de Rogers, démontrant ainsi l'engagement de l'entreprise à désendetter son bilan tout en valorisant ses actifs d'infrastructure.
Rogers Communications hat erfolgreich eine Eigenkapitalinvestition in Höhe von 7 Milliarden kanadischen Dollar mit Blackstone und führenden kanadischen institutionellen Investoren abgeschlossen. Dabei erwirbt Blackstone eine nicht beherrschende Beteiligung an einer neuen Tochtergesellschaft von Rogers, die einen Teil der drahtlosen Backhaul-Transportinfrastruktur des Unternehmens besitzt. Rogers behält die volle operative Kontrolle über sein Netzwerk und wird die Finanzergebnisse der Tochtergesellschaft weiterhin konsolidieren. Zu der Investorengruppe gehören bedeutende kanadische Institutionen wie CPP Investments, La Caisse, PSP Investments, BCI und IMCO. Die Erlöse werden zur Reduzierung der Schulden von Rogers verwendet, was das Engagement des Unternehmens zur Entschuldung und zur Wertschöpfung aus seinen Infrastrukturvermögenswerten unterstreicht.
Positive
  • Secured substantial CDN$7 billion equity investment from reputable investors
  • Company maintains full operational control of wireless network
  • Proceeds will be used to reduce debt and improve balance sheet
  • Partnership with prestigious institutional investors demonstrates confidence in Rogers' assets
Negative
  • Partial sale of wireless infrastructure assets to external investors
  • Increased complexity in corporate structure with new subsidiary creation

Proceeds will be used to repay debt
Rogers will maintain full operational control of its wireless network

TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced it has closed its CDN$7 billion equity investment from funds managed by Blackstone, backed by leading Canadian institutional investors.

Blackstone has acquired a non-controlling interest in a new Canadian subsidiary of Rogers that owns a portion of Rogers wireless backhaul transport infrastructure. Rogers is maintaining full operational control of its network and will include the financial results of the subsidiary in its consolidated financial statements.

“This transaction demonstrates the confidence investors have in Rogers and our world-class assets,� said Tony Staffieri, President and CEO. “With this significant investment, we are unlocking the unrecognized value of critical assets and executing on our commitment to de-lever our balance sheet.�

The investor group led by Blackstone includes Canada Pension Plan Investment Board (CPP Investments), Caisse de dépôt et placement du Québec (La Caisse), the Public Sector Pension Investment Board (PSP Investments), British Columbia Investment Management Corporation (BCI) and the Investment Management Corporation of Ontario (IMCO).

Additional information about the transaction and its terms and conditions is available under Rogers profile on SEDAR+ at .Ìý

About Rogers Communications Inc.
Rogers is Canada’s leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit Ìý´Ç°ùÌý.

For more information:
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FAQ

What is the value of Rogers Communications' (RCI) equity investment deal with Blackstone?

Rogers closed a CDN$7 billion equity investment deal with Blackstone and other Canadian institutional investors

Will Rogers maintain control of its wireless network after the Blackstone investment?

Yes, Rogers will maintain full operational control of its network and will include the subsidiary's financial results in its consolidated statements

How will Rogers use the proceeds from the CDN$7 billion Blackstone investment?

The proceeds will be used to repay debt and deleverage Rogers' balance sheet

Which Canadian institutional investors are part of the Rogers-Blackstone deal?

The investor group includes CPP Investments, La Caisse, PSP Investments, BCI, and IMCO

What assets are included in the Rogers-Blackstone investment deal?

The investment involves a portion of Rogers' wireless backhaul transport infrastructure, held in a new Canadian subsidiary
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