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Rogers Sells Data Centers to InfraRed, Focuses on Connectivity Services.
ByAinvest
Thursday, Aug 14, 2025 9:03 am ET1min read
Rogers Communications is selling its portfolio of nine Rogers Business data centres to InfraRed Capital Partners. The sale is part of Rogers' planned disposal of non-core assets and will use proceeds to pay down debt. Rogers will continue to offer data centre services on behalf of InfraRed and provide connectivity to the data centres. The transaction is expected to close by year-end 2025.
Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) has entered into a definitive agreement to sell its portfolio of nine Rogers Business data centres to InfraRed Capital Partners, a subsidiary of Sun Life. The transaction is part of Rogers' broader strategy to divest non-core assets and reduce debt [1].Under the agreement, Rogers will maintain its ability to sell data centre services and provide network connectivity to these facilities. The transaction is expected to close by year-end 2025, subject to customary closing conditions and regulatory approval [2].
The sale of the data centres represents a significant move for Rogers, aligning with its post-acquisition strategy to strengthen its balance sheet. Following its $26 billion acquisition of Shaw Communications in 2023, Rogers has been working to reduce its debt load. This sale is a tangible step towards that goal [1].
InfraRed Capital Partners is an experienced digital infrastructure owner, and the continued relationship between Rogers and InfraRed suggests a well-structured deal that maintains business continuity for Rogers' enterprise customers. The financial terms of the deal were not disclosed, but data centres typically command premium valuations in today's market due to increasing demand for digital infrastructure [1].
For investors, this transaction represents a prudent financial decision that preserves revenue opportunities while improving the company's financial position. Rogers will continue to sell connectivity and data centre services into the facilities, ensuring that the company's service revenue streams remain intact [2].
The proceeds from the sale will be used to pay down debt, which is a critical objective for Rogers as it navigates its post-acquisition integration and financial restructuring [1].
References:
[1] https://www.stocktitan.net/news/RCI/rogers-enters-into-definitive-agreement-to-sell-portfolio-of-data-iosg25ljqm4u.html
[2] https://finance.yahoo.com/news/rogers-enters-definitive-agreement-sell-130000553.html
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