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Rogers comments on CRTC's NBA TV Canada approval

1. Rogers received CRTC approval for Bell's interest acquisition in NBA TV Canada. 2. Tony Staffieri emphasized live sports as core to Rogers' strategy. 3. Rogers will close the deal to become majority owner of MLSE in July. 4. They previously approved by major sports organizations for the acquisition. 5. Deal expected to enhance Rogers' position in sports and entertainment.

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FAQ

Why Bullish?

This acquisition strengthens RCI's market position and revenue potential in sports broadcasting, similar to past successful acquisitions boosting revenue.

How important is it?

The acquisition positions RCI strategically to capitalize on sports entertainment, likely boosting earnings and market share.

Why Long Term?

The acquisition will enhance RCI’s strategic positioning, suggesting prolonged revenue growth over time.

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BCENFLXDISTMUS
June 12, 2025 13:30 ET  | Source: Rogers Communications Canada Inc. TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Rogers Communications (TSX: RCI.A and RCI.B) (NYSE: RCI) issued the following statement upon receiving approval from the Canadian Radio-television and Telecommunications Commission (CRTC) to acquire Bell’s interest in Toronto Raptors Network Ltd (NBA TV Canada): “We’re pleased to receive all the necessary approvals to expand our ownership of MLSE. We look forward to closing this strategic deal in early July,” said Tony Staffieri, President and CEO, Rogers. “MLSE is one of the most prestigious sports and entertainment organizations in the world, and live sports and entertainment are core to our business strategy.” Rogers previously received approvals from the National Hockey League (NHL), National Basketball Association (NBA), Canadian Football League (CFL), Major League Soccer (MLS), and the American Hockey League (AHL) to become 75% owners of MLSE. Rogers also received clearance from the Competition Bureau to proceed with the acquisition.  In September 2024, Rogers announced a deal to acquire Bell’s stake in MLSE for C$4.7 billion to become majority owner of MLSE.  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 further information: Media Relationsmedia@rci.rogers.com1-844-226-1338 Investor Relationsinvestor.relations@rci.rogers.com1-844-801-4792

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