Rogers enters into definitive agreement to sell portfolio of data centres

Core Viewpoint - Rogers Communications Inc. has entered into a definitive agreement to sell its portfolio of nine data centres to InfraRed Capital Partners, with the intention of using the net proceeds to pay down debt [2][3]. Group 1: Transaction Details - The transaction involves the sale of nine Rogers Business data centres, while Rogers will continue to provide data centre services and network connectivity on behalf of InfraRed [2][3]. - InfraRed, part of Sun Life, is an experienced digital infrastructure owner, and both organizations aim to ensure a seamless transition for Rogers Business customers [3]. - The transaction is expected to close by the end of 2025, pending customary closing conditions and regulatory approval [3]. Group 2: Exclusions and Future Plans - The sale does not include Rogers' corporate data centres that are utilized for the company's network and IT purposes [4]. - The proceeds from the transaction are specifically intended for debt repayment, aligning with Rogers' strategy to divest non-core assets [3]. Group 3: Company Overview - Rogers Communications Inc. is recognized as Canada's leading communications and entertainment company, with shares traded on both the Toronto Stock Exchange and the New York Stock Exchange [8].