MetroNet Communications Corp. (Calgary, AB) completed its acquisition of Rogers Telecom Inc.

    Sept. 1, 1998

    MetroNet Communications Corp. (Calgary, AB) completed its acquisition of Rogers Telecom Inc. (Toronto) to increase the reach and development of its fiber-optic network in Canada. Upon closing and subject to working capital and other adjustments, Rogers Communications Inc. (Toronto), Rogers Telecom?s parent company, received 12.5 million shares of MetroNet Class B non-voting common stock and $600 million in cash.

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