Blackstone Inc. is close to finalizing a deal worth C$7 billion ($5 billion) to acquire a minority stake in certain parts of Rogers Communications Inc.'s wireless infrastructure. This investment is expected to help Rogers effectively manage its debt levels.
The transaction is part of Blackstone's ongoing interest in the telecommunications sector and reflects the financial strategies that companies are employing to optimize their capital structures in response to changing market conditions.
Additionally, Rogers is seeking to acquire a 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc.