EX-99.1 2 ex991.htm PRESS RELEASE DATED SEPTEMBER 28, 2005 6K
News release via Canada NewsWire, Toronto 416-863-9350

    Attention Business Editors:
    Rogers Telecom Announces Expiration of Tender Offer for 10.625% Senior
    Secured Notes due 2008

    TORONTO, Sept. 28 /CNW/ - Rogers Communications Inc. ("RCI") and Rogers
Telecom Holdings Inc. ("Rogers Telecom"), a wholly owned subsidiary of RCI and
formerly known as Call-Net Enterprises Inc., announce today that Rogers
Telecom's cash tender offer (the "Tender Offer") for any and all of its
US$222.9 million aggregate principal amount of 10.625% Senior Secured Notes
due 2008 (CUSIP No. 130910AJ1) (the "Notes") expired at 11:59 p.m., New York
City time, on September 27, 2005 (the "Expiration Time"). At the Expiration
Time, Notes representing approximately US$200.9 million in aggregate principal
amount had been tendered pursuant to the Tender Offer. The Tender Offer was
subject to the terms and conditions set forth in Rogers Telecom's Offer to
Purchase and Consent Solicitation Statement dated August 30, 2005.
    Holders of Notes who validly tendered Notes after 5:00 p.m., New York
City time, on September 13, 2005 but on or prior to the Expiration Time will
receive total consideration of US$1,041.11 per US$1,000 principal amount of
Notes tendered, and also will receive any accrued and unpaid interest from the
most recent interest payment date for the Notes to, but not including, the
final settlement date, which Rogers Telecom expects will occur today,
September 28, 2005. Rogers Telecom's obligation to accept and pay for Notes
validly tendered in the Tender Offer is subject to the terms and conditions
set forth in the Statement and related materials. Holders should consult the
Statement and related materials in their entirety for a full description of
the terms and conditions of the Tender Offer. After the final settlement date,
Notes representing approximately US$22.0 million in aggregate principal amount
will remain outstanding.

    Citigroup Global Markets Inc. acted as the dealer manager and
solicitation agent for the Tender Offer. Questions regarding the Tender Offer
may be directed to Citigroup Global Markets Inc., Liability Management Group,
at (800) 558-3745 (U.S. toll free) and (212) 723-6106 (collect).

    This announcement is not an offer to purchase, a solicitation of an offer
to sell, or a solicitation of consents with respect to the Notes nor is this
announcement an offer to sell or solicitation of an offer to buy new
securities of Rogers Telecom or RCI.

    Cautionary Statement Regarding Forward Looking Information:

    This news release includes certain forward looking statements that
involve risks and uncertainties. We caution that actual future events will be
affected by a number of factors, many of which are beyond our control, and
therefore may vary substantially from what we currently foresee. These forward-
looking statements include, among others, statements with respect to our
objectives, and strategies to achieve those objectives, as well as statements
with respect to our beliefs, plans, expectations, anticipations, estimates or
intentions and are based on current expectations. We caution that all forward-
looking information is inherently uncertain and actual results may differ
materially from the assumptions, estimates or expectations reflected or
contained in the forward-looking information, and that actual future
performance will be affected by a number of factors, many of which are beyond
our control, including but not limited to the ability of the companies to
integrate the acquired operations, economic conditions, technological change,
regulatory change and competitive factors. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter any forward looking
statements whether as a result of new information, future events or otherwise.
Important additional information identifying risks and uncertainties is
contained in our most recent annual and interim reports and forms filed with
the applicable Canadian securities regulatory authorities and the U.S.
Securities and Exchange Commission.
 
 

 
    About the Companies:

    Rogers Telecom Holdings Inc. (formerly Call-Net Enterprises Inc.) was
acquired by Rogers Communications Inc. on July 1, 2005 and through its wholly
owned subsidiary Rogers Telecom Inc. (formerly Sprint Canada Inc.) is a
leading Canadian integrated communications solutions provider of home phone,
wireless, long distance and IP services to households, and local, long
distance, toll free, enhanced voice, data and IP services to businesses across
Canada. Rogers Telecom owns and operates an extensive national fibre network,
has over 150 co-locations in major urban areas across Canada including 33
municipalities and maintains network facilities in the U.S. and the U.K. For
more information, visit www.rogerstelecom.ca.
    Rogers Communications (TSX: RCI; NYSE: RG) is a diversified Canadian
communications and media company engaged in three primary lines of business.
Rogers Wireless is Canada's largest wireless voice and data communications
services provider and the country's only carrier operating on the world
standard GSM/GPRS technology platform; Rogers Cable is Canada's largest cable
television provider offering cable television, high-speed Internet access,
voice-over-cable telephony services and video retailing; and Rogers Media is
Canada's premier collection of category leading media assets with businesses
in radio, television broadcasting, television shopping, publishing and sports
entertainment. For further information about the Rogers group of companies,
please visit www.rogers.com.
    %SEDAR: 00003765EF          %CIK: 0000733099

    /For further information: Investment Community Contacts: Bruce M. Mann,
(416) 935-3532, bruce.mann(at)rci.rogers.com; Eric A. Wright, (416) 935-3550,
eric.wright(at)rci.rogers.com;
Archived images on this organization are searchable through CNW Photo Archive
website at http://photos.newswire.ca. Images are free to accredited members of
the media./
    (RCI.MV.A. RCI.NV.B. RG)

CO:  Rogers Communications Inc.; Rogers Telecom Holdings Inc. (formerly
     Call-Net)

CNW 12:33e 28-SEP-05