Rogers will continue to sell connectivity and data centre services into the facilities
Proceeds will be used to pay down debt
Rogers Communications 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.
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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.
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.
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