Rogers Communications to Acquire AT&T Wireless' Stake in Rogers Wireless, 34% Stake to be Acquired for Cash Purchase Price of C$36.37 per Share Customers of Both Companies to Continue Enjoying the Powerful Benefits of Seamless Wireless Voice and Data Roaming Between Canada and the U.S. on North America's Largest Combined GSM/GPRS Network TORONTO, Sept. 13 /PRNewswire-FirstCall/ -- Rogers Communications Inc. ("RCI") and Rogers Wireless Communications Inc. ("Rogers Wireless") announced today that RCI has entered into an agreement with JVII General Partnership ("JVII"), a partnership owned by AT&T Wireless Services, Inc., whereby RCI has agreed to purchase all of JVII's 27,647,888 Class A Multiple Voting shares ("Class A shares") and 20,946,284 Class B Restricted Voting shares ("Class B shares") of Rogers Wireless for a cash purchase price of C$36.37 per share. Closing of the transaction is expected to occur on or about October 13, 2004, with RCI entitled to accelerate that date upon written notice to JVII. Upon closing, JVII will convert the Class A shares into Class B shares of Rogers Wireless. Also upon closing, the shareholders' agreement among RCI, Rogers Wireless and JVII dated August 16, 1999, as amended, and the registration rights agreements between RWCI and JVII, also dated August 16, 1999, will terminate. Under the purchase agreement, JVII has agreed that its consent is not required under the shareholders' agreement in order for RCI or Rogers Wireless to offer to purchase or acquire shares or assets of Microcell Telecommunications Inc. This provision is to enhance the flexibility of RCI and Rogers Wireless as it pertains to their ongoing review of current wireless industry developments and consolidation activities and the related possibility of offering to purchase, alone or with others, shares or assets of Microcell Telecommunications Inc. Neither RCI nor Rogers Wireless has made any decision in respect of any such matters and there is no assurance that any such initiative will be pursued. RCI plans to fund the approximate C$1,767.4 million cash purchase price for the 48.6 million Rogers Wireless shares through a bridge financing facility of up to two years with a group of Canadian financial institutions. The sale by AWE of its shares of Rogers Wireless does not impact or change the extensive North American wireless voice and data roaming capabilities between the companies. Customers of both Rogers Wireless and AWE will continue to enjoy the powerful benefits of seamless wireless roaming between Canada and the U.S. on North America's largest combined GSM/GPRS network. RCI currently owns 62,820,371 Class A Multiple Voting shares representing approximately 69.4% of such class of shares and 16,317,644 Class B Restricted Voting shares of Rogers Wireless representing approximately 31.1% of such class of shares. After giving effect to the purchase by RCI and the conversion by JVII of the Class A shares, Rogers Communications will own 62,820,371 Rogers Wireless Class A Multiple Voting shares representing all of such class of shares and 64,911,816 Rogers Wireless Class B Restricted Voting shares representing approximately 80.9% of such class of shares. RCI will acquire ownership and control over all of such shares and is not acting with any joint actor in connection with the purchases or the ownership of such shares. The Class A shares and Class B shares are being acquired for investment purposes. RCI has no current intention of acquiring ownership of or control or direction over any additional Class B shares. Cautionary Statement Regarding Forward Looking Information: This news release includes certain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. We caution that actual future events will be affected by a number of factors, many of which are beyond our control, and therefore may vary substantially from what we currently foresee. We are under no obligation to (and expressly disclaim any such obligation to) update or alter any forward looking statements whether as a result of new information, future events or otherwise. Important additional information identifying risks and uncertainties is contained in our most recent Annual Reports and Annual Information Forms filed with the applicable Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. About the Companies: Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RG) is a diversified Canadian communications and media company, which is engaged in cable television, high-speed Internet access and video retailing through Canada's largest cable television provider Rogers Cable Inc.; wireless voice and data communications services through Canada's leading national GSM/GPRS cellular provider Rogers Wireless Communications Inc.; and radio, television broadcasting, televised shopping and publishing businesses through Rogers Media Inc. Rogers Wireless Communications Inc. (TSX: RCM.B; NYSE: RCN) operates Canada's largest integrated wireless voice and data network, providing advanced voice and wireless data solutions to customers from coast to coast on its GSM/GPRS network, the world standard for wireless communications technology. The Company has approximately 4.1 million customers, and has offices in Canadian cities across the country. Rogers Wireless Communications Inc. is currently 55% owned by Rogers Communications Inc. and 34% owned by AT&T Wireless Services, Inc. DATASOURCE: Rogers Communications Inc. CONTACT: (Investment Community): Bruce M. Mann,(416) 935-3532, ; Eric Wright, (416) 935-3550, ; (Media): Jan L. Innes, (416) 935-3525, ; Archived images on this organization are available through CNW E-Pix at http://www.newswire.ca/. Images are free to members of The Canadian Press.

Copyright