Blackstone-led investor consortium completed the acquisition of a 49.9% stake in the wireless network from Rogers Communications for CAD7bn.

Blackstone-led investor consortium, including CPP Investments, Caisse de dépôt et placement du Québec, PSP Investments and British Columbia Investment Management, completed the acquisition of a 49.9% stake in the wireless network from Rogers Communications, a communications and entertainment company, for CAD7bn. “We’re thrilled to close this transaction with Rogers to further their growth and balance sheet objectives. This is another example of Blackstone providing flexible and efficient capital solutions for the world’s leading corporations, while delivering what we believe is a highly differentiated opportunity for our investors," Robert Horn, Blackstone Global Head of Infrastructure & Asset Based Credit.