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Mobile & Wireless

Rogers Communications Buys Back Shares from AT&T Wireless
By eWEEK
2004-09-13

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Rogers Communications Inc., one of Canada's largest cell phone operators, has agreed to buy the 34 percent in its business owned by AT&T Wireless Services Inc. for about $1.37 billion US. The deal involves 48.6 million shares.

Rogers Communications Inc., one of Canadas largest cell phone operators, has agreed to buy the 34 percent in its business owned by AT&T Wireless Services Inc. for about $1.37 billion US. The deal involves 48.6 million shares.

Earlier this summer Rogers agreed to help AT&T Wireless unload its stake in Rogers Wireless by Sept. 30. AT&T Wireless, which is being absorbed by Cingular Wireless, announced it April that due to the merger it would sell its shares in Rogers.

Click here to read the full story from the Globe and Mail.

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