Technology

$700M to be invested by Rogers in Alberta

October 03, 2013 06:16 PM

Rogers Communications says its putting more than $700 million in Alberta throughout the following four years, incorporating developing its high velocity arrange in the area and opening numerous dozen retail outlets to exploit the territory's solid economy.

 

Toronto-based Rogers says it sees potential development for its telecom and media administrations in the Western area, where it will contend with major players Shaw Communications (Tsx:sjr.b), Telus (Tsx:t) and Bell (Tsx:bce).

 

Toronto-based Rogers additionally says it will open just about 50 retail outlets for its TV, Internet, home telephone and cellphone administrations in Alberta.

 

It will unfold its fast coordinate with Long-Term Evolution (LTE) engineering to a greater amount of the area's groups and additionally offer more telecom administrations to business clients, especially those in the oilpatch.

 

The organization noted it has recently put more than $1 billion in its system in the area throughout the most recent decade.

 

"It presses on to be a business sector where there's loads of development potential, where the populace is developing determinedly, and the economy blasting dependent upon the quality of oil and venturing into numerous different ranges too," Rob Bruce, president of the organization's correspondences division, said in a discharge Tuesday.

 

Rogers as of late purchased Pivot Data Centres in Calgary and Edmonton for $155 million from Sverica International, a private value speculation firm.

 

Rogers additionally published it has lead sponsorship and promoting rights for the Oilers, stadium Rexall Place and major lesser group Edmonton Oil Kings for the following 13 years. That will incorporate publicizing situations and stadium signs.

 

Rogers likewise possesses and works the Toronto Blue Jays and the Rogers Centre in Toronto and has a 38 per cent stake in Maple Leaf Sports and Entertainment, an expert sports organization that has around its lands the NHL's Toronto Maple Leaks, NBA's Toronto Raptors and Toronto FC of Major League Soccer.

 

The organization is likewise the lead support or telecast accomplice of the Vancouver Canucks, Toronto Maple Leaf, tennis' Rogers Cup, universal soccer and blended combative technique UFC (Ultimate Fighting Championship).

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