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Rogers Comm Cl A ( ($TSE:RCI.A) ) just unveiled an announcement.
Rogers Communications has entered into a definitive agreement for a CDN$7 billion equity investment with Blackstone and leading Canadian institutional investors. This strategic move aims to reduce Rogers’ debt leverage ratio by 0.7x and strengthen its balance sheet by repaying debt, while maintaining full operational control over its wireless network. The transaction is expected to close in the second quarter of 2025, and Rogers plans to use the proceeds to unlock the unrecognized value of its critical assets, thereby enhancing its investment grade balance sheet.
More about Rogers Comm Cl A
Rogers Communications Inc. is a major telecommunications company based in Canada, providing wireless communications, cable television, telephone, and internet connectivity services. The company focuses on delivering advanced network services and maintaining a strong presence in the Canadian market.
YTD Price Performance: -12.99%
Average Trading Volume: 2,632
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$20.21B
For an in-depth examination of RCI.A stock, go to TipRanks’ Stock Analysis page.