04:23 PM EDT, 06/20/2025 (MT Newswires) -- Rogers Communications ( RCIAF ) said late Friday it has closed a 7 billion Canadian dollars ($5.1 billion) equity investment from funds managed by Blackstone (BX) and Canadian institutional investors.

The investors bought a non-controlling stake in a newly established subsidiary of Rogers that owns a portion of its wireless backhaul transport infrastructure, the company said.

Rogers said it is maintaining operational control of its network and will include the results of the unit in its financial statements.