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.
Insights by Ground AI
Does this summary seem wrong?
17 Articles
17 Articles
All
Left
4
Center
3
Right
2
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
Read Full Article
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
Read Full Article
Coverage Details
Total News Sources17
Leaning Left4Leaning Right2Center3Last UpdatedBias Distribution44% Left
Bias Distribution
- 44% of the sources lean Left
44% Left
L 44%
C 33%
R 22%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
