Rogers Receives CDN$7 Billion Investment from Blackstone and Canadian Investors
Deal News | Jun 20, 2025 | Blackstone
Blackstone, in collaboration with several Canadian institutional investors, has completed a CDN$7 billion equity investment in Rogers Communications. Funds managed by Blackstone Credit & Insurance have acquired a non-controlling stake in a newly established Rogers subsidiary that holds part of the company's wireless backhaul transport infrastructure. Prominent Canadian investors in this deal include the Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, Public Sector Pension Investment Board, British Columbia Investment Management Corporation, and Investment Management Corporation of Ontario. This investment, led by Blackstone, aims to support Rogers' growth and balance sheet objectives by leveraging mobile data megatrends. Blackstone Credit & Insurance, one of the world's top credit investors, manages an infrastructure and asset-based credit platform overseeing over $90 billion of investments.
Sectors
- Telecommunications
- Private Equity & Investment Management
Geography
- Canada – Rogers Communications is a Canadian company receiving investment from Canadian and international investors.
- United States – Blackstone, a U.S.-based private equity firm, led the investment into Rogers Communications.
Industry
- Telecommunications – Rogers Communications operates in the telecommunications sector, providing wireless and other communication services.
- Private Equity & Investment Management – Blackstone and Canadian institutional investors represent the private equity and investment management sector, focusing on asset-based investments.
Financials
- CDN$7 Billion – The total equity investment amount in Rogers Communications.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blackstone | Investor | Company | A leading global private equity firm managing the investment. |
| Rogers Communications Inc. | Target Company | Company | A Canadian telecommunications company receiving investment. |
| Canada Pension Plan Investment Board | Investor | Company | A Canadian institutional investor participating in the deal. |
| Caisse de dépôt et placement du Québec | Investor | Company | A Canadian institutional investor involved in the investment. |
| Public Sector Pension Investment Board | Investor | Company | A Canadian pension fund participating in the investment. |
| British Columbia Investment Management Corporation | Investor | Company | A Canadian investment management corporation involved in the transaction. |
| Investment Management Corporation of Ontario | Investor | Company | A Canadian institutional investor investing in Rogers. |