Rogers Communications enters agreement to sell portfolio of data centers

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.