Reported 27 days ago
Private equity firm Blackstone Inc is reportedly in talks to invest C$7 billion (approximately $5.03 billion) for a minority stake in Rogers Communications' cellphone infrastructure business, aimed at reducing the company's debt. The deal involves selling a minority equity interest in Rogers' wireless backhaul transport infrastructure. Rogers recently missed its third-quarter revenue estimates due to lower wireless subscriber additions despite higher sports-related income.
Source: YAHOO