Blackstone Leads CDN$7 Billion Investment in Rogers' Wireless Infrastructure

Blackstone has finalized a CDN$7 billion equity investment in Rogers Communications Inc., involving a consortium of leading Canadian institutional investors. This strategic investment targets a newly established subsidiary of Rogers, focusing on its wireless backhaul transport infrastructure. The investor group comprises notable entities such as Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, and others, highlighting the transaction's significance in the telecommunications sector.

Robert Horn of Blackstone emphasized the transaction's role in advancing Rogers' growth and financial objectives, showcasing Blackstone's capability to provide innovative capital solutions. Mark Rutledge pointed out the potential of Rogers' backhaul network to capitalize on increasing mobile data usage, underscoring the investment's alignment with current technological trends.

With Blackstone Credit & Insurance managing over $90 billion in assets, this investment underscores the firm's commitment to supporting infrastructure and asset-based credit opportunities. The collaboration between Blackstone and Rogers, supported by a group of prestigious Canadian investors, signals a strong vote of confidence in the future of telecommunications infrastructure and its capacity to meet evolving digital demands.