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Blackstone Completes CDN$7 Billion Equity Investment in Rogers in Partnership with Leading Canadian Institutional Investors

1. Blackstone closed CDN$7 billion investment in Rogers Communications. 2. The deal involves a non-controlling interest in Rogers' wireless infrastructure.

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FAQ

Why Bullish?

This significant investment indicates confidence in the telecommunications sector, historically driving stock value up for strategic investors like BX.

How important is it?

The successful closing of such a large investment signifies strategic growth, likely enhancing BX's market perception.

Why Long Term?

Long-term benefits may arise as Rogers expands its infrastructure, which could enhance BX's investment portfolio over time.

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RCI
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) has successfully closed its previously announced CDN$7 billion equity investment in Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI). Under the terms of the transaction, funds managed by Blackstone Credit & Insurance (“BXCI”) and leading Canadian institutional investors have acquired a non-controlling interest in a newly established subsidiary of Rogers that owns a portion of the company's wireless backhaul transport infrastructur.

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