EX-99.1 2 ex991.htm NEWS RELEASE DATED OCTOBER 17, 2005 News Release dated October 17, 2005
News release via Canada NewsWire, Toronto 416-863-9350

    Attention Business Editors:
Rogers Receives Notice of Conversion of Preferred Securities from Microsoft TORONTO, Oct. 17 /CNW/ - Rogers Communications Inc. ("Rogers" or the "Company") today received a notice of conversion from Microsoft R-Holdings, Inc. ("Microsoft"), a subsidiary of Microsoft Corporation, stating that it has elected to convert its C$600 million 5 1/2% Convertible Preferred Securities due August 2009 (the "Preferred Securities") into Class B Non-Voting shares of Rogers ("Rogers Class B shares"). Conversion by Microsoft follows the October 11, 2005 notice of redemption that was given by Rogers in accordance with the terms of the Preferred Securities. Pursuant to the notice of conversion received today from Microsoft, Rogers intends to issue 17,142,857 Rogers Class B shares to Microsoft in the coming days, representing a conversion price of C$35.00 per Rogers Class B share. Cautionary Statement Regarding Forward Looking Information: This news release includes certain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 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. 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 Reports and Quarterly Reports and Annual Information Forms filed with the applicable Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. About the Company: 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. On July 1, 2005, Rogers completed the acquisition of Call-Net Enterprises Inc. (now Rogers Telecom Holdings Inc.), a national provider of voice and data communications services. For further information about the Rogers group of companies, please visit www.rogers.com. %SEDAR: 00003765EF %CIK: 0000733099 /For further information: 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. CNW 11:02e 18-OCT-05