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Rogers comments on CRTC's NBA TV Canada approval

1. Rogers Communications acquires Bell's stake in NBA TV Canada. 2. Deal valued at C$4.7 billion to enhance sports portfolio. 3. CRTC approval received; closing expected in early July. 4. Live sports integral to Rogers' long-term business strategy. 5. Rogers aims to leverage MLSE's prestige for growth.

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Why Bullish?

Acquisition enhances Rogers' media footprint, bolstering revenue potential and market position. Historical examples include increased market share post-acquisitions in the telecom sector boosting stock performance.

How important is it?

The article directly relates to a major acquisition, expected to positively influence financial performance and investor sentiment.

Why Long Term?

The strategic acquisition is likely to yield benefits over years as synergies develop, similar to past media acquisitions that positively impacted long-term valuations.

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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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