Bargains for Under $25 HP Envy 34 All-in-One PC Review Best Fitbits T-Mobile Data Breach Settlement ExpressVPN Review Best Buy Anniversary Sale Healthy Meal Delivery Orville 'Out Star Treks' Star Trek
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Short Take: MetroNet buys Rogers Telecom for $1 billion

Rogers Communications has signed a definitive agreement to sell its Rogers Telecom division (previously known as Rogers Network Services) to MetroNet Communications for $600 million in cash and 12.5 million in stock valued about $440 million. RG said cash payment of $400 million would be received on the deal's expected closing date of June 30, while the remaining $200 million would be received by August 15.

Rogers Communications has signed a definitive agreement to sell its Rogers Telecom division (previously known as Rogers Network Services) to MetroNet Communications for $600 million in cash and 12.5 million in stock valued about $440 million. RG said cash payment of $400 million would be received on the deal's expected closing date of June 30, while the remaining $200 million would be received by August 15.