Rogers Bids on Wireless Rival9/20/2004 9:49 AM Eastern
Rogers Communications Inc.’s Rogers Wireless Communications Inc. is taking aim at its competition.
Rogers Wireless Monday offered $1.1 billion for Microcell Telecommunications Inc., AP reported.
The $27-per-share friendly bid topped an $848 million bid by Telus Corp., according to AP. Microcell had already rejected Telus’ bid.
"This transaction will position Rogers to better compete against incumbent telco wireless operators in Canada," Rogers Communications CEO Ted Rogers told AP.
Earlier this month, Rogers Communications reached a deal to acquire AT&T Wireless Services Inc.’s 34% stake in Rogers Wireless.