AT&T, BT, And Rogers in Three-Way Wireless Deal
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AT&T Corp. and British Telecommunications Thursday jointly acquired a 33 percent stake in Rogers Cantel Mobile for Cdn $1.4 billion (US$934 million) in cash.
BT has also taken a 31 percent stake in AT&T Canada for Cdn $600 million (US$402 million).
"Rogers Cantel and AT&T Canada represent a significant addition to our global family of alliances and will enable BT to take an active part in the Canadian mobile and business wireline markets," said Alfred T. Mockett, BT Worldwide's president and chief executive officer.
Rogers Cantel, Canada's largest wireless provider, offers cellular services, messaging, digital PCS and wireless data services.
The deal is expected to close in mid-August.
Rogers Communications Inc., which owns 81 percent Rogers Cantel, this month inked a $400 million broadband deal with Microsoft.