EX-99.1 2 ex991.htm NEWS RELEASE DATED NOVEMBER 26, 2009 ex991.htm
Exhibit 99.1
News release via Canada NewsWire, Toronto 416-863-9350

	    Attention Business Editors:
	    Rogers Purchasing 3.2 Million Shares of Cogeco Cable Inc. and 1.6
	    Million Shares of Cogeco Inc.

	    TORONTO, Nov. 26 /CNW/ - Rogers Communications Inc. announced today that
it has entered into agreements to purchase 3,200,000 subordinate voting shares
of Cogeco Cable Inc. and 1,623,500 subordinate voting shares of Cogeco Inc.
pursuant to private agreements with third parties.
	    Rogers Communications is acquiring the subordinate voting shares of
Cogeco Cable Inc. at a cash purchase price, excluding commissions, of $36.43
per share, for aggregate consideration of $116.6 million. Rogers
Communications is acquiring the subordinate voting shares of Cogeco Inc. at a
cash purchase price, excluding commissions, of $28.61, for aggregate
consideration of $46.4 million. RCI is acquiring the Cogeco Inc. shares and
the Cogeco Cable Inc. shares for investment purposes. RCI has no current
intention of acquiring ownership of or control or direction over any
additional Cogeco Inc. or Cogeco Cable Inc. shares but reserves the right to
acquire additional shares of Cogeco Inc. or Cogeco Cable Inc., to sell all or
any portion of its holding of such shares or to enter into derivative or other
transactions with respect to the shares owned by it. This press release is
being issued as required under the early warning requirements of applicable
securities laws.
	    The Cogeco Cable Inc. shares being acquired represent approximately 9.7%
of the outstanding Cogeco Cable Inc. subordinate voting shares. After giving
effect to these purchases, Rogers Communications will own 9,795,675
subordinate voting shares of Cogeco Cable Inc. representing approximately
29.8% of the subordinate voting shares and approximately 20.2% of the equity
of Cogeco Cable Inc.
	    The Cogeco Inc. shares being acquired represent approximately 10.9% of
the outstanding Cogeco Inc. subordinate voting shares. After giving effect to
these purchases, Rogers Communications will own 5,023,300 subordinate voting
shares of Cogeco Inc. representing approximately 33.6% of the subordinate
voting shares and approximately 29.9% of the equity of Cogeco Inc.

	    About the Company:

	    Rogers Communications is a diversified Canadian communications and media
company. We are engaged in wireless voice and data communications services
through Wireless, Canada's largest wireless provider. Through Cable, we are
one of Canada's leading providers of cable television services as well as
high-speed Internet access and telephony services. Through Media, we are
engaged in radio and television broadcasting, televised shopping, magazines
and trade publications, and sports entertainment. We are publicly traded on
the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock
Exchange (NYSE: RCI). For further information about the Rogers group of
companies, please visit www.rogers.com.

	    %CIK: 0000733099

	    /For further information: Bruce M. Mann, Rogers Communications, (416)
935-3532; Dan Coombes, Rogers Communications, (416) 935-3550/
	    (RCI.A. RCI.B. RCI)

CO:  Rogers Communications Inc.

CNW 16:26e 27-NOV-09