Rogers Buys A&T Wireless’ Rogers Wireless Stake

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Rogers Communications Inc. reached a deal to acquire AT&T Wireless Services Inc.’s 34% stake in Rogers Wireless Communications Inc.

Under terms of the agreement, Rogers Communications will pay AT&T Wireless, on behalf of JVII General Partnership, $C36.37 ($27.97) per share for JVII’s 48.6 million Rogers Wireless shares.

The companies expect the transaction to close on or around Oct. 13.