Financial Impact and Strategic Intentions
Rogers, a powerhouse in Canadian communications and entertainment, intends to use the proceeds from this landmark transaction to bolster its balance sheet by repaying existing debts. The funds will play a crucial role in reducing leverage, furthering the company’s financial health. According to Glenn Brandt, Rogers’ CFO, this strategic partnership is designed to unlock the hidden value of its network and critical assets.
“This transaction will bring us closer to our goal of having an investment-grade balance sheet by reducing borrowings,” Brandt explained. “It will also significantly reduce our leverage, with over $9 billion in equity-valued capital issued since the end of last year.”
Once finalized, the deal is set to close in the second quarter of 2025, pending the completion of all necessary conditions. As part of the agreement, Rogers will maintain full operational control of its wireless network, with the financial results of the new subsidiary integrated into its consolidated financial statements.
