Rogers to Form Joint Venture with BCE for Canadian Retail Operations of GLENTEL
Dec 24, 2014
Agreement makes it easy for customers to continue to shop for Rogers products and services in their community
TORONTO, Dec. 24, 2014 /CNW/ - Rogers Communications Inc., Canada's leading diversified communications and media company, announced that it has reached an agreement with BCE under which the two companies will jointly own GLENTEL's Canadian retail distribution outlets once the pending acquisition of GLENTEL by BCE is completed.
As part of the agreement, Rogers will withdraw the recently filed court application for an injunction, pending closure of the agreement with BCE.
This agreement means that customers across the country will continue to be able to choose a wide variety of wireless products and services at GLENTEL's 494 retail locations across Canada, such as WIRELESSWAVE, Tbooth wireless, WIRELESS etc., Target Mobile, and more.
About the Company:
Rogers is a leading diversified Canadian communications and media company. We are Canada's largest provider of wireless voice and data communications services and one of Canada's leading providers of cable television, high-speed Internet and telephony services to consumers and businesses. Through Rogers Media we are engaged in radio and television broadcasting, televised shopping, magazines and trade publications, and sports entertainment. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).
Caution Regarding Forward-Looking Statements, Risks and Assumptions:
This release includes "forward-looking information" within the meaning of applicable securities laws relating to assumptions concerning the creation and approvals related to the joint venture as detailed above. We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Many of these factors are beyond our control and current expectation or knowledge. Should one or more of these risks, uncertainties or other factors materialize, our objectives, strategies or intentions change, or any other factors or assumptions underlying the forward-looking information prove incorrect, our actual results and our plans could vary significantly from what we currently foresee. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this earnings release is qualified by the cautionary statements herein.
SOURCE Rogers Communications Inc.
For further information: Investors: Dan Coombes, 416-935-3550 or firstname.lastname@example.org; Media:Patricia Trott, email@example.com