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Rogers Communications Board Authorizes Repurchase of up to $500 million of Stock

  Rogers Communications Board Authorizes Repurchase of up to $500 million of

PR Newswire

TORONTO, Feb. 14, 2013

Announces Intention to Renew Normal Course Issuer Bid to Purchase Class B

TORONTO, Feb. 14,  2013 /PRNewswire/ -  Rogers Communications Inc.  ("Rogers") 
announced today that it has filed  with the Toronto Stock Exchange ("TSX")  a 
notice of its intention to renew its normal course issuer bid ("NCIB") for its
Class B Non-Voting shares ("Class B shares") for a further one-year period.

As previously stated,  the Board of  Directors of Rogers  has authorized  such 
share repurchases because it believes that, at certain times, the purchase  of 
Class B  shares may  represent an  appropriate and  desirable use  of  Rogers' 
available funds when, if in the opinion of management, the value of the  Class 
B shares  exceeds the  trading  price of  such  shares. Such  purchases  would 
provide  additional  liquidity  to  shareholders  and  benefit  the  remaining 
shareholders by increasing their proportionate equity interest in Rogers.

Subject to acceptance  by the TSX,  the TSX notice  provides that Rogers  may, 
during the  twelve  month  period  commencing February  25,  2013  and  ending 
February 24, 2014,  purchase on the  TSX, the New  York Stock Exchange  and/or 
alternative trading  systems  the  lesser  of  35.8million  Class  B  shares, 
representing approximately 10% of the public float of the Class B shares,  and 
that number of  Class B shares  that can be  purchased under the  NCIB for  an 
aggregate purchase price of $500 million. The actual number of Class B  shares 
purchased, if any,  and the  timing of such  purchases will  be determined  by 
Rogers considering market  conditions, stock  prices, its  cash position,  and 
other factors. As at February 11, 2013 there were approximately 402.8  million 
Class B  shares issued  and  outstanding and  the  public float  consisted  of 
approximately 358.2 million Class B shares.

There cannot be any assurances as to how many shares, if any, will  ultimately 
be acquired  by Rogers  under the  NCIB  and Rogers  intends that  any  shares 
acquired pursuant to the  NCIB will be  cancelled. No NCIB  is proposed to  be 
made for Rogers' Class A Voting shares.

In 2012,  Rogers acquired  approximately  9.6 million  Class  B shares  at  an 
average price of approximately $36.31 per share under its previous NCIB  which 
will expire on February 23, 2013.

About the Company:

Rogers Communications  is a  diversified  public Canadian  communications  and 
media company. We  are Canada's  largest provider  of wireless  communications 
services and one of Canada's leading providers of cable television, high-speed
Internet and telephony services. Through Rogers Media, we are engaged in radio
and  television  broadcasting,   televised  shopping,   magazines  and   trade 
publications, sports entertainment, and digital media. 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

SOURCE Rogers Communications Inc.


Bruce M. Mann, (416) 935-3532,;
Dan R. Coombes, (416) 935-3550,
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