Business
Rogers inks deals to immediately boost speed and quality for wireless customers in BC, Alberta and Southern Ontario
Purchase of Mobilicity brings continuity of service and certainty to over 150,000 wireless...
About this update from Rogers Communications Inc. Class A
[{"type":"text","content":"\n\n\nPurchase of Mobilicity brings continuity of service and certainty to\n over 150,000 wireless customers\n\n\nWill exercise option to acquire Shaw's unused AWS-1 spectrum to meet\n growing mobile video needs\n\n\nTORONTO, June 24, 2015 /CNW/ - Rogers Communications will immediately\n boost speed and quality for wireless customers in BC, Alberta and\n Southern Ontario as part of a series of transactions announced today.\n The transactions mean Rogers is completing the previously announced\n acquisition of Shaw's AWS-1 spectrum and acquiring 100% ownership of\n Mobilicity. The company is also divesting, post transaction, certain\n AWS-1 spectrum to WIND Mobile that is contiguous to their spectrum\n holdings.\n\n\n\"We're basically adding multiple lanes on our wireless highway in three\n key markets overnight,\" said Guy Laurence, President and CEO of Rogers\n Communications. \"This means faster speeds and better quality for our\n customers as they use more and more mobile video.\"\n\n\n\"The transaction with Rogers provides the best possible outcome for\n Mobilicity's customers, dealers and employees,\" said Anthony Booth,\n President of Mobilicity. \"Rogers ensures certainty of service for\n Mobilicity customers, provides a great network, national coverage and\n high quality products and services. At the same time, Mobilicity\n employees will have the opportunity to work at a great Canadian company\n in Rogers.\" \n\n\nThe transactions mean Rogers gains significant, previously unused\n spectrum capacity that works with all LTE devices today.\n\n\n\"This agreement is great news for our customers and for Canadians. We're\n pleased to have worked with the government to put this unused valuable\n resource to work,\" said Laurence. \"We got the spectrum we needed where\n we needed it for our customers and this keeps Rogers in the leading\n competitive position across the country.\"\n\n\nThe purchase of Mobilicity is subject to approval by the Competition\n Bureau and the Court. The transactions have been approved by Industry\n Canada.\n\n\nAs per the previously announced terms to complete the Shaw spectrum\n acquisition, Rogers will pay $100 million in addition to the down\n payments made when the agreement was originally announced in January\n 2013.\n\n\nThe transaction with Mobilicity is supported and was facilitated by The...