Rogers finalizes wireless network deal, reveals more stakeholder details

By Ahmad Hathout Rogers announced Friday it has finalized an agreement to sell for $7 billion a 49.9 per cent stake in a portion of its wireless traffic transport infrastructure through a subsidiary to pay down debt. The investors will be led by American asset manager Blackstone and include the Canada Pension Plan Investment Board, Caisse de depot et placement du Quebec, the Public Sector Pension Investment Board, and the British Columbia Investment Management Corporation. Blackstone will also hold a 20 per cent voting stake. Rogers, which will hold the rest of the shares including voting control, will continue to...