Rogers Communications (RCI) announced it has entered into a definitive agreement with InfraRed Capital Partners to sell its portfolio of nine Rogers Business data centres. Rogers will continue to sell data centre services on behalf of InfraRed and will provide network connectivity to the data centres. The transaction is part of Rogers planned sale of real estate and non-core assets. Rogers intends to use the net proceeds from the transaction to repay debt. The transaction is expected to close by year end 2025, subject to customary closing conditions and regulatory approval. The transaction does not include Rogers corporate data centres used for the company’s network and IT purposes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCI:
- Rogers Communications price target raised to $33 from $31 at Barclays
- Rogers Communications price target raised to $56 from $55 at RBC Capital
- Rogers Communications price target raised to C$58 from C$57 at TD Securities
- Rogers Communications Reports Strong Q2 2025 Results
- Rogers Communications’ Earnings Call: Growth Amid Challenges