Blackstone Invests $5 Billion in Rogers Wireless Infrastructure Subsidiary

Blackstone Inc. has completed a $5.07 billion equity investment in a newly formed subsidiary of Rogers Communications Inc., acquiring a non-controlling interest in Rogers' wireless backhaul transport infrastructure. This infrastructure is critical for transmitting data between cellular towers and core network facilities, supporting mobile data traffic.

The transaction, executed through Blackstone Credit & Insurance (BXCI) funds, also involved major Canadian institutional investors such as CPP Investments, CDPQ, PSP Investments, BCI, and IMCO. Rogers retains operational control of the assets while unlocking capital to reduce debt and invest in network expansion, particularly after acquiring Shaw Communications in 2023. The deal aligns with Rogers’ financial and growth strategies, providing flexibility to support its competitive position in Canada's telecommunications market.

For Blackstone and co-investors, the deal exemplifies the increasing institutional investment in digital infrastructure assets, which are seen as reliable, long-term income sources. BXCI, managing over $90 billion in assets, continues to expand its footprint in sectors including telecommunications, leveraging opportunities in infrastructure and asset-based credit strategies.