Blackstone has completed a CDN$7 billion equity investment in Rogers Communications, acquiring a non-controlling interest in its wireless backhaul transport infrastructure to support growth and technological advancements.

Target Information

Blackstone has successfully closed its CDN$7 billion equity investment in Rogers Communications Inc., a leading telecommunications provider in Canada. This acquisition involves a non-controlling interest in a newly formed subsidiary that holds a portion of Rogers' wireless backhaul transport infrastructure, aiming to enhance operational efficiencies and capitalize on emerging market trends.

The initiative reflects Rogers’ strategic intent to bolster its technological capabilities, particularly in the face of growing demand for mobile data services. The newly established subsidiary is expected to play a significant role in optimizing connections across its expansive network, ensuring robust service delivery to consumers and businesses alike.

Industry Overview in Canada

The telecommunications industry in Canada is undergoing significant transformation characterized by rapid advancements in technology and increasing competition. The demand for mobile data continues to soar, driven b