Rogers enters into definitive agreement to sell portfolio of data centres
Rogers Communications (NYSE:RCI) has announced a definitive agreement to sell its portfolio of nine Rogers Business data centres to InfraRed Capital Partners, a subsidiary of Sun Life. Under the agreement, Rogers will maintain its ability to sell data centre services and provide network connectivity to these facilities.
The transaction, expected to close by year-end 2025, is part of Rogers' strategy to divest real estate and non-core assets. The company plans to use the proceeds to reduce debt. The deal excludes Rogers' corporate data centres used for network and IT operations.
Rogers Communications (NYSE:RCI) ha annunciato un accordo definitivo per vendere il suo portafoglio di nove data centre Rogers Business a InfraRed Capital Partners, una controllata di Sun Life. Secondo l'intesa, Rogers manterrà la possibilità di offrire servizi di data centre e di fornire connettività di rete a queste strutture.
L'operazione, che dovrebbe concludersi entro la fine del 2025, rientra nella strategia di Rogers di dismettere immobili e attività non core. L'azienda intende utilizzare i proventi per ridurre il debito. L'accordo esclude i data centre aziendali di Rogers impiegati per le operazioni di rete e IT.
Rogers Communications (NYSE:RCI) ha anunciado un acuerdo definitivo para vender su cartera de nueve centros de datos Rogers Business a InfraRed Capital Partners, una filial de Sun Life. Según el acuerdo, Rogers conservará la capacidad de comercializar servicios de centros de datos y de proporcionar conectividad de red a estas instalaciones.
La transacción, que se espera que se cierre a finales de 2025, forma parte de la estrategia de Rogers de desprenderse de inmuebles y activos no estratégicos. La compañía planea destinar los ingresos a reducir la deuda. El acuerdo excluye los centros de datos corporativos de Rogers usados para las operaciones de red y TI.
Rogers Communications (NYSE:RCI)는 InfraRed Capital Partners(선라이프 계열사)에 Rogers Business 소속 9개 데이터센터 포트폴리오를 매각하는 확정 계약을 체결했다고 발표했습니다. 해당 계약에 따라 Rogers는 이 시설들에 데이터센터 서비스를 제공하고 네트워크 연결을 공급할 권리를 계속 보유합니다.
이 거래는 2025년 말까지 마무리될 예정이며, 부동산 및 비핵심 자산을 처분하려는 Rogers의 전략의 일환입니다. 회사는 매각대금을 부채 상환에 사용할 계획입니다. 이번 거래에는 네트워크 및 IT 운영에 사용되는 Rogers의 기업용 데이터센터는 포함되지 않습니다.
Rogers Communications (NYSE:RCI) a annoncé la conclusion d'un accord définitif visant à vendre son portefeuille de neuf centres de données Rogers Business à InfraRed Capital Partners, une filiale de Sun Life. En vertu de cet accord, Rogers conservera la possibilité de commercialiser des services de centres de données et d'assurer la connectivité réseau vers ces installations.
La transaction, dont la clôture est prévue d'ici la fin de 2025, s'inscrit dans la stratégie de Rogers de céder des biens immobiliers et des actifs non stratégiques. La société prévoit d'utiliser le produit de la vente pour réduire son endettement. Les centres de données corporatifs de Rogers utilisés pour les opérations réseau et informatiques sont exclus de l'accord.
Rogers Communications (NYSE:RCI) hat eine endgültige Vereinbarung zum Verkauf seines Portfolios von neun Rogers Business Rechenzentren an InfraRed Capital Partners, eine Tochtergesellschaft von Sun Life, bekanntgegeben. Im Rahmen der Vereinbarung behält sich Rogers die Möglichkeit vor, Rechenzentrumsdienstleistungen anzubieten und Netzwerkverbindungen zu diesen Einrichtungen bereitzustellen.
Die Transaktion, die voraussichtlich bis Ende 2025 abgeschlossen wird, ist Teil der Strategie von Rogers, Immobilien und nicht zum Kerngeschäft gehörende Vermögenswerte zu veräußern. Das Unternehmen plant, die Erlöse zur Schuldentilgung zu verwenden. Ausgenommen sind die firmeneigenen Rechenzentren von Rogers, die für Netzwerk- und IT-Betrieb genutzt werden.
- Strategic divestment of non-core assets to focus on core business operations
- Maintains revenue stream through continued data centre service sales and network connectivity provision
- Proceeds will be used to reduce debt, improving financial position
- Partnership with established infrastructure owner (InfraRed/Sun Life) ensures business continuity
- Reduction in owned infrastructure assets
- Transaction subject to regulatory approval and closing conditions
- Potential execution risks during transition period
Insights
Rogers' data centre sale to InfraRed strengthens balance sheet while maintaining service revenue streams; positive for debt reduction strategy.
Rogers Communications has made a strategic move by agreeing to sell its portfolio of nine business data centres to InfraRed Capital Partners (part of Sun Life) while maintaining the ability to sell data centre services and provide network connectivity to these facilities. This transaction represents a classic infrastructure asset monetization while preserving the customer-facing business relationships.
The deal accomplishes multiple objectives for Rogers. By divesting physical data centre assets but continuing to sell services through these facilities, Rogers effectively converts capital-intensive infrastructure into a more capital-light business model. This approach allows Rogers to reduce debt without sacrificing recurring revenue streams from existing customers.
The transaction aligns with Rogers' broader strategy of divesting non-core assets to strengthen its balance sheet. Following its
While the financial terms weren't disclosed, data centres typically command premium valuations in today's market due to increasing demand for digital infrastructure. The continued relationship with InfraRed suggests a well-structured deal that maintains business continuity for Rogers' enterprise customers.
For investors, this represents a prudent financial decision that preserves revenue opportunities while improving the company's financial position. The transaction demonstrates management's commitment to optimizing the balance sheet while maintaining strategic flexibility in the data services market.
Rogers will continue to sell connectivity and data centre services into the facilities
Proceeds will be used to pay down debt
TORONTO, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today 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.
InfraRed is part of Sun Life, a leading Canadian-based financial services company, and is an experienced digital infrastructure owner. Both organizations will work to ensure a seamless transition for Rogers Business customers.
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.
Forward-Looking Statements
This news release includes “forward-looking information” within the meaning of applicable securities laws relating to, among other things, Rogers maintaining a retail presence in the facilities and providing network connectivity to the facilities post-closing, our intended use of proceeds from the transaction, the closing of the transaction on the terms described in this news release and the expected timing of the closing of the transaction. Forward-looking information may in some cases be identified by words such as “will”, “anticipates”, “expects”, “intends” and similar expressions suggesting future events or future performance.
We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. Any forward-looking information contained in this news release represent expectations as of the date of this news release and is subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
Forward-looking information is provided herein for the purpose of giving information about the transaction and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes. The completion of the transaction is subject to closing conditions, regulatory approval, termination rights and other risks and uncertainties. Accordingly, there can be no assurance that the transaction will occur, or that it will occur on the terms and conditions contemplated in this news release. The transaction could be modified, restructured or terminated.
About Rogers Communications Inc.
Rogers is Canada’s leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or investors.rogers.com.
For more information:
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investor.relations@rci.rogers.com
1-844-801-4792
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1-844-226-1338
FAQ
What assets is Rogers Communications (RCI) selling to InfraRed Capital Partners?
Will Rogers continue to provide data centre services after the sale?
When is the Rogers data centre sale expected to close?
How will Rogers use the proceeds from the data centre sale?
Are Rogers' corporate data centres included in this sale?
