Blackstone Close to C$7 Billion Investment Deal with Rogers

Rebecca Teltscher, portfolio manager of Newhaven Asset Management, joins BNN Bloomberg to discuss BCE selling MLSE stake to Rogers for $4.7B.

-- Blackstone Inc. is close to a C$7 billion agreement to buy a minority stake in parts of Rogers Communications Inc.’s wireless infrastructure, according to a person familiar with the matter. The structured-equity transaction will help keep Rogers’ debt load under control as it seeks to buy a 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc.

Tony Staffieri, Rogers’ chief executive officer, said earlier this month that selling a stake in parts of its wireless backhaul infrastructure will help the company pay down debt while retaining full operational control of its network. He described the deal as “first-of-its kind” in Canada, signed with a leading global financial investor.

Representatives of both Blackstone and Rogers declined to comment. The identity of the investor was first reported by the Globe and Mail.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Wall Street powerhouse Blackstone is mystery bidder for $7-billion Rogers investmentThe pair struck a non-binding deal to sell a portion of its network that connects Rogers’s cell phone towers to its core network
Fuente: globebusiness - 🏆 31. / 66 Leer más »