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Stock impact report

Why are Canada’s largest telecom companies selling stakes in their core infrastructure? [Globe and Mail, The (Toronto, Canada)]

Rogers Communication, Inc. (RCI) 
Last rogers communication, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.rogers.com
infrastructure, even as their global peers sold off their cellphone towers for fortunes. Now, the carriers are in the sizing up those assets for sale, and one just finalized a multibillion-dollar deal, laying the groundwork for its rivals to follow. What changed? For years, global telecoms have raised billions by divesting passive infrastructure assets, often to private equity or infrastructure funds, as part of strategic realignments of their businesses. But Canada is unique among developed markets in that its carriers have largely not spun off their infrastructure assets. Rogers Communications Inc. RCI-B-T -4.08% decrease, BCE Inc.’s BCE-T -2.75% decrease Bell Canada and Telus Corp. T-T -1.41% decrease have long held tight to their infrastructure, insisting that controlling these assets was critical to efficiently delivering services. In recent months, though, they’ve changed their tune. Finally, Canadian companies are following their global peers. In October, Rogers announced i Show less Read more
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