Rogers Communications Inc. Announces Sale of Data Centers

Rogers Communications Inc. has entered into a definitive agreement to sell its portfolio of nine data centers to InfraRed Capital Partners, a subsidiary of Sun Life.

Key Details of the Agreement

• The sale is expected to help Rogers pay down its debt.
• The company will continue to sell data center services and provide network connectivity to the facilities.
• The transaction is a major shift in Rogers’ business strategy.

Market Reaction

• The stock price has shown a moderate increase following the announcement.
• The overall market reaction to this news is still uncertain.

Next Steps

Rogers Communications Inc. will continue to operate its business as usual, with a focus on providing data center services and network connectivity to the facilities. The company’s financials will be impacted by this development, and the full extent of the impact remains to be seen.