Rogers Secures Investment; Airtel Zambia–IHS Network Expansion; Deutsche Telekom–Google Deal; and More

Rogers Secures Investment; Airtel Zambia–IHS Network Expansion; Deutsche Telekom–Google Deal; and More
Telecom companies across the globe are accelerating network expansion, innovation, and strategic investments. From Rogers’ multi-billion-dollar equity deal with Blackstone to Airtel Uganda’s infrastructure rollout, and Deutsche Telekom’s deepened cloud partnership with Google, the industry is evolving fast. Operators are also advancing 5G services, breaking speed records, and tapping into smart mobility with integrations like Taiwan Mobile’s in-car connectivity.

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Also Read: Ericsson: SoftBank Partnership for AI, 6G; Drei Austria Tests W-Band, Tunisie Telecom 5G and More

Dive into the details of each development below:

1. Rogers Secures CAD 7 Billion Equity Investment from Blackstone

Rogers Communications announced on April 4 that it has entered into a definitive agreement with funds managed by Blackstone, backed by Canadian institutional investors, for a CAD 7 billion equity investment. The deal will see Blackstone acquire a non-controlling stake in a new Canadian subsidiary of Rogers that will own a minor stake in the Rogers mobile network. Rogers will maintain full operational control of its network and will include the financial results of the subsidiary in its consolidated financial statements.

The investor group led by Blackstone includes Canada Pension Plan Investment Board (CPP Investments), Caisse de depot et placement du Quebec, the Public Sector Pension Investment Board (PSP Investments), and British Columbia Investment Management Corporation.

Rogers intends to use the net proceeds from the transaction to repay debt. The Chief Financial Officer said, “With this transaction, Rogers will have issued an aggregate CDN 9 billion of equity-valued capital since year-end, which is expected to reduce leverage by almost 1 turn.”