Rogers Communications: Connecting Canadians through Wireless, Cable, and Media Services

Rogers Communications is a Canadian wireless, cable, and media company that provides connectivity and entertainment services to consumers and businesses across the country. The company has a portfolio of media properties, including sports media, television and radio broadcasting, and digital media. Rogers also offers a range of telecommunications services, including internet, television, and phone services, as well as network connectivity and data center services.

Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI), a leading Canadian communications and media company, has entered into a definitive agreement to sell its portfolio of nine Rogers Business data centres to InfraRed Capital Partners (InfraRed) [2]. The transaction, expected to close by the end of 2025, is part of Rogers' broader strategy to sell non-core assets and reduce debt.

InfraRed, a leading international mid-market infrastructure asset manager, will acquire the data centres, which include nine Tier 2 and 3 facilities across key Canadian cities. These centres have a combined capacity of up to 49 MW and offer a range of secure colocation, cloud, and managed services, adhering to Canadian data sovereignty and in-country cloud infrastructure [2]. The sale will not include Rogers' corporate data centres used for the company's network and IT purposes [3].

Rogers will continue to provide network connectivity to the data centres and sell data centre services on behalf of InfraRed, ensuring a seamless transition for Rogers Business customers [3]. The proceeds from the transaction will be used to repay debt, aligning with Rogers' financial strategy to improve its balance sheet [3].

InfraRed, which manages US$13bn of equity capital for investors, is known for its value-add approach to infrastructure investments. The company combines global reach with deep sector expertise, having established itself as a successful developer and steward of essential infrastructure [2]. This acquisition is expected to capitalize on the rising demand for secure and reliable data centre services in the Canadian digital infrastructure market.

Rogers Communications, founded in 1960, operates through three segments: Wireless, Cable, and Media. It offers a wide range of services, including mobile Internet access, wireless voice and data, and media properties such as the Toronto Blue Jays and Sportsnet television networks [1]. The company's media segment includes local and network TV, on-demand television, and a portfolio of specialty channels.

References:
[1] https://ca.finance.yahoo.com/quote/RCI-B.TO/
[2] https://www.prnewswire.com/news-releases/infrared-capital-partners-to-acquire-data-centre-business-from-rogers-communications-302530148.html
[3] https://finance.yahoo.com/news/rogers-enters-definitive-agreement-sell-130000553.html