Cable / Telecom News

Rogers closes financing to pay for spectrum purchases


TORONTO - Rogers has closed its concurrent Canadian and U.S. financing transactions of approximately $2.1 billion to help fund its purchases at last month’s 700 MHz wireless spectrum auction.Using that amount in addition to cash on hand and other available debt, Rogers pledged to invest $3.29 billion to deploy 20 MHz of spectrum, a move its says will result in enhanced network coverage and a better mobile video experience for customers in both rural and urban areas across the country. Rogers acquired 22 licences - the majority of it in the A and B blocks - in every region of the country,...