StockNews.AI
RCI
StockNews.AI
60 days

Rogers closes CDN$7 billion equity investment transaction

1. Rogers closed a CDN$7 billion investment from Blackstone. 2. Blackstone acquires a non-controlling stake in Rogers' wireless subsidiary. 3. Investment used for debt repayment and strengthening balance sheet. 4. Rogers maintains control over its network and assets. 5. Major institutional investors, including CPP, back the investment.

4m saved
Insight
Article

FAQ

Why Bullish?

The substantial investment indicates strong investor confidence and support for RCI, resembling positive market reactions to similar equity investments in the past.

How important is it?

The investment enhances RCI's financial health, a key factor for investors and analysts.

Why Long Term?

The financial stabilization and operational control maintained signal sustainable growth and creditworthiness over years, akin to previous successful capital raises by communications firms.

Related Companies

BCETELTVZ
June 20, 2025 16:00 ET  | Source: Rogers Communications, Inc. Proceeds will be used to repay debtRogers 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 www.sedarplus.ca.  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 rogers.com or investors.rogers.com. For more information:Mediamedia@rci.rogers.com1-844-226-1338 Investor Relationsinvestor.relations@rci.rogers.com1-844-801-4792

Related News