Mr. Tony Staffieri reports

ROGERS BECOMES MAJORITY OWNER OF MAPLE LEAF SPORTS & ENTERTAINMENT

Rogers Communications Inc. has closed its transaction to acquire BCE's 37.5-per-cent ownership stake in Maple Leaf Sports & Entertainment (MLSE) for $4.7-billion. Rogers is now the largest owner with a 75-per-cent interest in MLSE.

• Closes transaction to acquire BCE's 37.5-per-cent ownership stake in MLSE;
• Strengthens commitment to Canadian sports;
• Will invest to bring championships to Canada.

"MLSE is one of the most prestigious sports and entertainment organizations in the world and we're proud to be the majority owner of these iconic sports teams," said Tony Staffieri, president and chief executive officer, Rogers. "Live sports are a core part of our business and core to the fans who live and breathe every moment."

Rogers has invested over $15-billion in Canadian sports over the past decade and will continue to invest to bring championships to Canada.

"We're passionate about winning and we're committed to bringing more championships to fans in Canada," said Edward Rogers, executive chair, Rogers.

The acquisition expands Rogers leadership in Canadian sports, adding to its portfolio that includes the Toronto Blue Jays, Rogers Centre and Sportsnet -- the No. 1 sports network in Canada. Rogers also has long-term strategic partnerships with the NHL including a new 12-year agreement for the national media rights through 2037 to 2038, and with the Vancouver Canucks, Edmonton Oilers and Calgary Flames.

The transaction closed effective July 1 after receiving all necessary regulatory and league approvals. The purchase price was primarily funded from revolving bank credit facilities together with cash on hand.

"MLSE is a valuable and appreciating asset and this investment positions us to unlock more value for Rogers shareholders," added Mr. Staffieri. "We're building something that lasts -- on the ice, on the court, on the field and across the country."

About Rogers Communications Inc.

Rogers is Canada's leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).