Rogers Communications Secures Strategic Investment from Blackstone

Rogers Communications Inc. has successfully closed a landmark CDN$7 billion equity investment deal with Blackstone, a prominent private equity firm. This significant transaction underscores the unwavering confidence that investors have in Rogers’ robust business model and world-class assets.

The investment, which will be utilized to repay debt, will enable Rogers to maintain full operational control of its wireless network, a critical component of its Canadian communication services and media sector operations. This strategic move is poised to have a profoundly positive impact on the company’s financial performance, as Rogers continues to solidify its position as a leading player in the industry.

Key highlights of this transaction include:

• CDN$7 billion equity investment from Blackstone
• Repayment of debt to maintain operational control
• Enhanced financial performance expected
• Strategic boost for Rogers’ Canadian communication services and media sector operations

While the exact details of how this investment will be reflected in Rogers’ consolidated financial statements have not been disclosed, industry experts anticipate a significant improvement in the company’s financial outlook. This transaction serves as a testament to Rogers’ commitment to delivering exceptional value for its stakeholders and solidifying its position as a leader in the Canadian communication services and media sector.