EX-99.1 2 ex991.htm NEWS RELEASE DATED NOVEMBER 20, 2009 ex991.htm
Exhibit 99.1
News release via Canada NewsWire, Toronto 416-863-9350

            Attention Business Editors:
            Rogers Communications Files Shelf Prospectuses

            TORONTO, Nov. 20 /CNW/ - Rogers Communications Inc. ("Rogers") announced
today that it has filed a preliminary short form base shelf prospectus with
applicable securities regulators in each of the provinces of Canada. This will
allow Rogers to make offerings of debt securities of up to $4 billion in the
provinces of Canada during the 25-month period after the shelf prospectus
becomes final. This shelf prospectus, upon becoming final, will replace
Rogers' corresponding existing shelf prospectus that expires on December 9,
2009. The preliminary shelf prospectus will not become final until a final
shelf prospectus is filed with the provincial securities regulatory
authorities in Canada and a receipt obtained.
            Rogers also announced today that it has filed a separate preliminary
short form base shelf prospectus with the Ontario Securities Commission and a
corresponding registration statement with the United States Securities and
Exchange Commission (the "SEC"). These filings will allow Rogers to make
offerings of debt securities of up to US$4 billion in Ontario and the United
States during the 25-month period after the shelf prospectus and the
registration statement become final or effective. This shelf prospectus and
registration statement, upon becoming final or effective, as applicable, will
replace Rogers' corresponding existing shelf prospectus and registration
statement that expire on December 9, 2009. The preliminary shelf prospectus
will not become final until a final shelf prospectus is filed with the Ontario
Securities Commission and a receipt obtained. A registration statement
relating to these debt securities has been filed with the SEC but has not yet
become effective.
            These debt securities may not be sold nor may offers to buy be accepted
prior to the time that a receipt for the applicable final shelf prospectus has
been issued in Canada and the registration statement becomes effective with
respect to the applicable debt securities.
            This news release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction. This news
release is not an offer for sale within the United States of any debt or other
securities of Rogers. Securities of Rogers, including any offering of its debt
securities, may not be offered or sold in the United States absent
registration under U.S. securities laws or unless exempt from registration
under such laws.
            Rogers has no immediate intention to offer securities pursuant to the
shelf prospectuses or registration statement.
            Copies of the preliminary shelf prospectuses will be available on request
from the contacts listed below or over the Internet at the Canadian Securities
Administrators' website at www.sedar.com. Copies of the registration statement
will be available on request from the contacts listed below or over the
Internet at the SEC's website at www.sec.gov.

            Caution Regarding Forward-Looking Statements, Risks and Assumptions

            This release includes "forward-looking information", within the meaning
of applicable Canadian securities laws, and "forward-looking statements",
within the meaning of the United States Private Securities Litigation Reform
Act of 1995 (collectively referred to herein as "forward-looking information"
or "forward-looking statements"), and assumptions concerning, among other
things, the future performance of our business, operations and financial
targets, performance and condition. This forward-looking information and these
assumptions include, but are not limited to, statements with respect to our
objectives and strategies to achieve those objectives, as well as statements
with respect to our beliefs, plans, targets, expectations, anticipations,
estimates or intentions. This forward-looking information also includes, but
is not limited to, guidance and forecasts relating to revenue, operating
profit, property, plant and equipment expenditures, free cash flow, expected
growth in subscribers and the services to which they subscribe, the cost of
acquiring subscribers, the deployment of new services, integration costs, and
all other statements that are not historical facts. Forward-looking
information is based on current objectives, strategies, expectations and
assumptions that we believe to be reasonable at the time, including, but not
limited to, general economic and industry growth rates, currency exchange
rates, product pricing levels and competitive intensity, subscriber growth and
usage rates, changes in government regulation, technology deployment, device
availability, the timing of new product launches, content and equipment costs,
the integration of acquisitions, and industry structure and stability. Except
as otherwise indicated, forward-looking information in this release does not
reflect the potential impact of any non-recurring or other special items or of
any dispositions, monetizations, mergers, acquisitions, other business
combinations or other transactions that may be considered or announced or may
occur after the date the statement containing the forward-looking information
is made. We caution that all forward-looking information, including any
statement regarding targets or our current intentions, is inherently subject
to change and uncertainty and that actual results may differ materially from
the assumptions, estimates or expectations reflected in the forward-looking
information. A number of factors could cause our actual results to differ
materially from those in the forward-looking information or could cause our
current objectives and strategies to change, including, but not limited to
economic conditions, technological change, the integration of acquisitions,
unanticipated changes in content or equipment costs, changing conditions in
the entertainment, information and communications industries, regulatory
changes, litigation and tax matters, the level of competitive intensity, and
the emergence of new opportunities. Many of these factors are beyond our
control and current expectation or knowledge. Therefore, should one or more of
the above risks materialize, should our objectives or strategies change, or
should any other factors underlying the forward-looking information prove
incorrect, our actual results and our plans and targets may vary significantly
from what we currently foresee. Accordingly, we warn investors to exercise
caution when considering any statements containing forward-looking information
and that it would be unreasonable to rely on such statements as creating any
legal rights regarding our future results or plans. We are under no obligation
(and expressly disclaim any such obligation) to update or alter statements
containing forward-looking information or assumptions whether as a result of
new information, future events or otherwise, except as required by law. Before
making any investment decisions and for a detailed discussion of the risks,
uncertainties and environment associated with our business, fully review the
sections of 2008 Annual MD&A and third quarter 2009 interim quarterly MD&A
entitled "Risks and Uncertainties Applicable to RCI and its Subsidiaries",
"Updates to Risks and Uncertainties" and "Government Regulation and Regulatory
Developments". More detailed information about factors affecting the
operations of Rogers may be found in filings by Rogers with the SEC, including
its most recent Annual Report on Form 40-F.

            About the Company

            Rogers is a diversified Canadian communications and media company. Rogers
is engaged in wireless voice and data communications services through Rogers
Wireless, Canada's largest wireless provider. Through Rogers Cable, Rogers is
one of Canada's largest providers of cable television services as well as
high-speed Internet access, telephony services and video retailing. Through
Rogers Media, Rogers is engaged in radio and television broadcasting,
televised shopping, magazines and trade publications, and sports
entertainment. Rogers is publicly traded on the Toronto Stock Exchange (TSX:
RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).

            %CIK: 0000733099

            /For further information: Lorraine Daly, (416) 935-3575,
lorraine.daly(at)rci.rogers.com; Bruce Mann, (416) 935-3532,
bruce.mann(at)rci.rogers.com; Dan Coombes, (416) 935-3550,
dan.coombes(at)rci.rogers.com/
            (RCI.A. RCI.B. RCI)

CO:  Rogers Communications Inc.

CNW 17:30e 20-NOV-09